BlogPosts From May 2015

Commercial

Do I have to demonstrate good faith?

A number of countries, particularly our fellow EU member states, have a statutory duty of good faith, meaning any party that enters into a contract must act dutifully and in good faith towards all other parties to that contract. For example, the German Civil Code states that every contracting party “has a duty to perform according to the requirements of good faith, taking customary practice into consideration”.

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