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The lawyers of 1776 sought to avoid another revolution by forming government structures that had checks and balances where if every party legitimately plays its part with good faith, then rule of law would prevail.—
Joseph Andrew,
Forbes.com,
1 July 2026 Federal law requires both sides to bargain in good faith, which typically means the parties need to show movement.—
Evan Drellich,
New York Times,
25 June 2026 So the conversations were all in good faith.—
Mike Fleming Jr,
Deadline,
22 June 2026 One interesting aspect of SpaceX’s IPO to watch going forward is Musk’s EV maker, Tesla, whose enormous valuation similarly rests largely on good faith and not business fundamentals.—
Victor Tangermann,
Futurism,
18 June 2026 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.