What is a breach of the implied covenant of good faith?

A breach of the implied covenant of good faith is when a party does not fulfill the terms of a contract in Nebraska in a manner that goes against the reasonable expectations of the other party. This could mean that a party does not keep their end of the bargain, or they act with the intention of sabotaging the agreement, or they take actions to slow down the performance of the contract for their own personal gain. For example, if in a contract between two individuals, one individual was required to provide services or goods, and they do not do so, this would be classified as a breach of the implied covenant of good faith. Similarly, if one party withholds the information necessary for a contract to be fulfilled, or if they use dishonest or questionable tactics to get out of performing their contractual obligations, this would also be a breach of the implied covenant of good faith. A breach of the implied covenant of good faith is serious and can have significant consequences. The injured party can be awarded monetary damages to compensate for the losses suffered, and can also seek an injunction which is a court order that requires the offending party to fulfill the terms of the contract. The implied covenant of good faith is an important component of contract law in Nebraska and should be taken seriously to ensure that contracts are honored and all parties involved get the benefit of the agreements.

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