The Implied Covenant of Good Faith and Fair Dealing Under U.S. Law

When circumstances change, parties to an agreement often find that the agreement does not cover the exact situation they are now facing. Instead, depending on how their contract is interpreted, one of the parties may be able to take advantage of the contractual silence or ambiguity and act in a way that causes detriment to the other.

10 minute read January 31, 2015 at 11:00 PM
By
Beata Krakus
The Implied Covenant of Good Faith and Fair Dealing Under U.S. Law

It is a truth universally acknowledged that even the most well-written agreement never covers all potential issues that may arise in the future, and that when the rubber hits the road, the parties to the agreement never interpret its terms the same way.

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