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18 Dec 2015

Good faith in English law - What does it mean?

Many countries have good faith as a concept in their civil code such that it applies to all contracts (whether expressly included in a contract or not). For example, the European Court of Justice has referred to good faith as a 'principle of civil law' and the proposed Common European Sales Law includes a definition of 'good faith and fair dealing' as 'a standard of conduct characterised by honesty, openness and consideration for the interests of the other party to the transaction or relationship in question'


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