What is the doctrine of good faith and fair dealing?

The doctrine of good faith and fair dealing is a legal principle applied in contract law, especially in the state of New Hampshire. The concept of good faith and fair dealing is based on the idea that both parties of an agreement should make decisions with honesty and integrity. This means that they should not act in a way that is manipulative, deceptive, or designed to give one party an unfair advantage over the other. Good faith and fair dealing also requires both parties to fulfill the terms of their agreement in a timely and responsible manner. In the event one party fails to do so, the other can file a legal complaint on the grounds that the other party did not act in good faith. Good faith and fair dealing can be applied in contract law in a variety of different situations. For example, a party could breach a contract by not fully disclosing all relevant information prior to a contract being signed. This would be considered a breach of good faith and fair dealing. Similarly, if one party attempts to supply low-quality goods or services when a contract specifies a higher-quality product, this would also be a violation of good faith and fair dealing. In New Hampshire, the courts have consistently upheld the doctrine of good faith and fair dealing when dealing with contract disputes. This means that a court will take all relevant factors into consideration when deciding a case and will determine if either party has acted in a manner that violates the concept of good faith and fair dealing.

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What is the doctrine of good faith and fair dealing?

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