good faith

Definition

The observance of honorable intent in business relations and the avoidance of any attempts to deceive in assuming and performing contractual obligations.

Use good faith in a sentence

The contract was i good faith and that meant some good things for me and my friend and our company.

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You should only enter in to a good faith agreement with someone that you fully trust to do the job right.

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We made the agreement in good faith, partially due to the fact that our respective CEO's had a long standing previous friendship.

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faith safe harbor