Good Faith
"Good Faith" refers to the intention to deal fairly and honestly with others in various situations, such as contracts or negotiations. It implies that parties will act with sincerity and without any intention to deceive or defraud. This principle is essential in maintaining trust and cooperation in business and personal relationships.
In legal contexts, Good Faith often serves as a standard for evaluating the behavior of parties involved in agreements. Courts may assess whether individuals acted in Good Faith when disputes arise, influencing the outcome of cases related to contract enforcement or business dealings.