Implied Covenant Of Good Faith And Fair Dealing Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Implied Covenant Of Good Faith And Fair Dealing, written in plain English, along with examples of how it is used.

What is Implied Covenant Of Good Faith And Fair Dealing?

In the court of law it is generally believed and assumed that everyone in the contract will act in good faith and deal fairly without breaching contracts deliberately , or avoiding the obligation or maybe interpret the contract differently on purpose thereby breaching the covenant.