Define: Negotiate in good faith
Negotiate in good faith means both parties earnestly and honestly striving to reach an agreement, providing all relevant information
Negotiate in good faith means both parties earnestly and honestly striving to reach an agreement, providing all relevant information.
Relevant Circumstances
- Creation of new partnerships and alliances
- Restructuring or extension of existing contracts
- Negotiation of terms for sale or provision of goods and services
- Resolution of disputes related to contracts
Relevant Sectors
- Business Management
- Legal Services
- Marketing and Sales
- Information Technology