A term used to indicate that a sincere and genuine attempt or effort has been made to comply with copyright law. According to Vassar College Policy & Principles, good faith increases the likelihood that activities are in fact fair use. Good faith reduces the risks of liability in the event of infringement. Good faith is also important for securing the benefit of college assistance and support in the event that its faculty, student employees, librarians, and staff may face infringement allegations. Ultimately, good faith is best manifested through knowledge of, and diligent application of, the four factors.
having honest intentions; "he acted in good faith"; "doubt was expressed as to the good faith of the immigrants"
Acting honestly. Following reasonable standards for fair dealing set by law and the business community.
Honesty in fact in the conduct or transaction concerned.
Most ordinary contracts are good faith contracts. Insurance contracts are agreements made in the utmost good faith. This implies a standard of honesty greater than that usually required in most ordinary commercial contracts.
The lender trusts your intentions to make payments, make them on time, and not default on your borrowing.
An honest intention not to take advantage of another.
An attempt by a card association member to resolve a dispute with another member in writing. A good-faith attempt at resolution must be made before filing a compliance case.
Bona fide. An act is done in good faith if it is in fact done honestly, whether it be done negligently or not.
A term to describe a party's legitimate and honest efforts to meet her obligations in a given situation.
Absence of intent to commit fraud.
A basic principle of insurance. The Assured and his broker must disclose and truly represent every material circumstance to the Underwriter before acceptance of the risk. A breach of good faith entitles the Underwriter to avoid the contract. (Proposed changes in law may affect this definition.)
Something done with good intentions without knowledge of fraudulent circumstances or need to inquire further. Many deals are agreed upon in good faith; just be sure to put it in writing as soon as possible.
Honesty of intention and freedom from knowledge of circumstances which ought to put the holder upon inquiry; an honest intention to abstain from taking any conscious advantage of another, even through technicalities of law, together with absence of all information, notice, or benefit or belief of facts which render the transaction unconscionable.
Honest belief; the absence of malice and design to defraud.
Honesty of intention; absence of intent to defraud.
Done with honest intention.
A standard of conduct between parties meaning honesty in fact in the conduct of the transaction. As an element of a defense to violations under several statues, a good faith effort to comply means that the creditor did not know about the violation and took reasonable steps to avoid it.
a requirement in the law which can be treated as equivalent to "honesty and decently"
An act that is done honestly.
Something done with good intentions, without knowledge or fraudulent circumstances, or reason to inquire further. Example, a good faith estimate given by a lender.
Honestly and without deception. An agreement might be declared invalid if one of the parties entered with the intention of defrauding the other.
Basic principle of law, also applicable in insurance. A breach of good faith entitles the underwriter to cancel the contract.→ Bona Fide
a properly intentioned deed that is free from improper motive
is to act honestly and without deception
Each party in a real estate transaction is presumed honest and fair with no deceit and that their intentions are honorable and realistic. If deception occurs, without prior knowledge, the transaction, carried out in good faith, remains valid.
A party's honest intent to transact business, free from any intent to defraud the other party, each party's faithfulness to one's duty or obligations set forth by contract
Honest intention and action
an act done honestly. -- View Real Estate Listings
Having good intentions, such as a buyer putting a deposit for a house or when a lender discloses all information/costs to the loan.
The principle where the parties to a contract undertake to deal with one another honestly and openly in good faith regarding disclose of material facts.
Good faith, or in Latin bona fides, is the mental and moral state of honesty, conviction as to the truth or falsehood of a proposition or body of opinion, or as to the rectitude or depravity of a line of conduct, even if the conviction is objectively unfounded. This concept is important in law.