Good Faith

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Negotiations

Generally, no obligation to negotiate in good faith § Sometimes one can be contractually obligated to

Best Efforts Clause

Imposes an obligation to act with good faith in light of one's own capabilities.

Sale of Goods Contracts

UCC 1-302 you can't disclaim good faith in a contract

Good Faith in Contracts

Virtually all contracts contain an obligation of good faith in performance and enforcement o Does not constitute an independent cause of action - You cannot sue due to bad faith

Presence

· Present even if parties did not bargain for it · Cannot prevent it from entering the bargain


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