good faith and fair dealing definition

good faith and fair dealing means 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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good faith and fair dealing means a standard of conduct characterised by honesty and openness with regard to the other party to the transaction or relationship in question and excludes an intention the only purpose of which is to harm;
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good faith and fair dealing means a standard of conduct characterized by hon- esty, openness and consideration for the interests of the other party to the transac- tion or relationship in question.”
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More Definitions of good faith and fair dealing

good faith and fair dealing means a standard of conduct characterised by honesty, openness and, in so far as may be appropriate, reasonable consideration for the interests of the other party to the transaction or relationship in question; [Am. 37]
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Related to good faith and fair dealing

  • good faith means that degree of diligence which a reasonable person would exercise in the performance of legal duties and obligations;

  • Good Faith Efforts means actions undertaken by a bidder or contractor to achieve a Contract Specific Goal that the CPO or his or her designee has determined, by their scope, intensity, and appropriateness to the objective, can reasonably be expected to fulfill the program’s requirements.

  • collusive practice means a scheme or arrangement between two or more Bidders, with or without the knowledge of the Purchaser, designed to establish bid prices at artificial, non- competitive levels; and

  • collusive practices means a scheme or arrangement between two or more Bidders, with or without the knowledge of the Procuring Entity, designed to establish bid prices at artificial, non-competitive levels.

  • the Constitution means the Constitution of the Republic of South Africa, 1996;

  • Corrupt and Fraudulent Practices means either one or any combination of the practices given below;

  • restrictive practice means forming a cartel or arriving at any understanding or arrangement among Bidders with the objective of restricting or manipulating a full and fair competition in the Bidding Process.

  • coercive practice means harming or threatening to harm, directly or indirectly, persons or their property to influence their participation in the procurement process or affect the execution of a contract;