Quimbee logo
DMCA.com Protection Status
  • I
  • Implied Covenant of Good Faith and Fair Deal…Implied Covenant of Good Faith and Fair Dealing

Implied Covenant of Good Faith and Fair Dealing

Definition

An implied contractual obligation that requires parties to a contract to deal fairly and honestly with each other and not do anything that will deprive other parties of the benefits of the contract. A breach of this duty gives rise to an action for damages.

Related Rules