What’s So Good About Good Faith?

November 18, 2009


In the past few years the duty to act in good faith has been finding broad application across various fields of law. Contract law generally has always contemplated the idea of good faith but specific practice areas such as franchise, construction, employment, and insurance are finding particular and increasing application of the principal. Real estate transactions is another area where the duty to act in good faith is oft-contemplated. Parties to a transaction and their counsel are well advised that acting in “good faith,” however defined, is certain to work to their benefit should contractual problems arise.