Corporate and Business Law

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Corporate and Business Law 1

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Advantages and drawbacks of Good Faith implementation in Contract law

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The civil law includes ‘good faith’ which is important principle regulating contractual dealing. Taking into consideration the norms controlling the formation and implementation of contracts it is implied that good faith standards better regulate the cases where contracting parties fairly treat each other in the negotiation. The good faith application can vary from one civil jurisdiction to another in a certain extent and capacity. The perplexity also happens in good faith principle with the...

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Corporate and Business Law • Corporate and Business Law