Sometimes legally binding due diligence around the effort made, information given, or transaction done, honestly, objectively, with no deliberate intent to defraud the other party. Yet, this does not cover a sin of omission, something done or not done in negligence. Known also as bona fides, implied by law into commercial contracts.
Link to This DefinitionDid you find this definition of GOOD FAITH helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary