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The July 8 date is fast approaching, and promptly implementing good faith efforts to comply with the DSP will be critical to avoid the serious penalties and reputational harm DSP violations can bring.—Robert Anello, Forbes.com, 7 May 2025 In a show of good faith and their commitment to their partnership with Dončić, the Lakers traded for Charlotte Hornets center Mark Williams on Feb. 5, only to rescind the trade a few days later due to concerns about Williams’ physical.—Jovan Buha, New York Times, 2 May 2025 Religion is the source of the other two—democracy and international good faith.—Tom Rogers, MSNBC Newsweek, 29 Apr. 2025 There’s good faith in negotiations going forward that’s going to allow this logo to be used again.—Scott Thompson, FOXNews.com, 29 Apr. 2025 See All Example Sentences for good faith
Note:
The meaning of good faith, though always based on honesty, may vary depending on the specific context in which it is used. A person is said to buy in good faith when he or she holds an honest belief in his or her right or title to the property and has no knowledge or reason to know of any defect in the title. In section 1-201 of the Uniform Commercial Code good faith is defined generally as “honesty in fact and the observance of reasonable commercial standards of fair dealing.” Where recent U.C.C. amendments have not been adopted, this definition is found in Article 3 on negotiable instruments (and applies to Article 4 on bank deposits and collections and Article 4A on funds transfers), while Article 2 on sales defines it as “honesty in fact and the observance of reasonable commercial standards of dealing in the trade.” Article 5 (letters of credit), as amended, defines it as “honesty in fact in the conduct or transaction concerned.” The U.C.C. imposes an obligation of good faith on the performance of every contract or duty under its purview. The law also generally requires good faith of fiduciaries and agents acting on behalf of their principals. There is also a requirement under the National Labor Relations Act that employers and unions bargain in good faith.
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