Bona Fide Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Bona Fide, written in plain English, along with examples of how it is used.

What is Bona Fide?

(n) Bona Fide is the state of mind while doing an act, entering a contract or transaction where in such activities are done with good intention, without knowing the defects involved. Bonafide intention is a pre-condition for validity of a contract. The absence of which may tender the contract void at the instance of the affected party.