Goodfaith
/ˌɡʊdˈfeɪθ/
Definitions
- (n.) Honest intent to act without taking an unfair advantage, especially in contracts and negotiations.
The parties entered into the agreement in goodfaith to ensure mutual benefit.
- (adj.) Done with honest intent and sincerity, without intent to defraud or deceive.
A goodfaith purchaser buys property without knowledge of any defect in the title.
Related terms
Commentary
Goodfaith is often written as two words ('good faith') but legally functions as a single concept; clarity in contracts is critical to define the parties' honest intentions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.