Define: Negotiate in good faith

How is 'Negotiate in good faith' defined in a legal contract?

• Negotiate in good faith means a sincere and honest effort from each party to reach agreement. This includes the obligation to provide relevant information, records, data, and budgetary materials. Seen in 15 SEC filings
• Negotiate in good faith means an earnest and honest effort by each party to meet at reasonable times and attempt to reach an agreement. Each party will provide the other with all necessary and relevant information. Seen in 11 SEC filings
• Negotiate in good faith means a genuine and honest effort made by each party to attain agreement, which encompasses the responsibility to share all pertinent information as required. Seen in 8 SEC filings
• Negotiate in good faith means a concerted and honest effort by each party to achieve agreement, along with the duty to meet and negotiate. Seen in 5 SEC filings
• Negotiate in good faith means a serious and truthful attempt by each party to reach an agreement on negotiable items, coupled with the obligation to meet and negotiate. Seen in 5 SEC filings
• Negotiate in good faith means a stern and honest endeavor by each party to arrive at an agreement. Seen in 3 SEC filings
• Negotiate in good faith means an honest and serious effort from each party to reach an agreement. Seen in 2 SEC filings
• Negotiate in good faith refers to an earnest and authentic effort by each party to reach a consensus. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of negotiate in good faith' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Negotiate in good faith means both parties earnestly and honestly striving to reach an agreement, providing all relevant information.

Relevant Contract Types

• Business Partnership Agreement
• Non-Disclosure Agreement
• Sales Contract
• Service Level Agreement

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

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Genie Definition 2

• Negotiate in good faith means both parties have the duty to meet, negotiate, and sincerely endeavour to form an agreement.

Relevant Contract Types

• Employment Contract
• Lease Agreement
• Franchise Agreement
• Software License Agreement

Relevant Circumstances

• Negotiation of terms for employment and benefits
• Agreement on leasing terms for property
• Formation of franchise or licensing agreements
• Negotiations about software usage and licensing

Relevant Sectors

• Real Estate
• Human Resources
• Franchising
• Software Development

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