implied covenant of good faith and fair dealing — An implied obligation that assumes that the parties to a contract will act in good faith and deal fairly with one another without breaking their word, using shifty means to avoid obligations, or denying what the other party obviously understood.… … Law dictionary
Implied covenant of good faith and fair dealing — The Implied covenant of good faith and fair dealing is a general assumption of the law of contracts, that people will act in good faith and deal fairly without breaking their word, using shifty means to avoid obligations, or denying what the… … Wikipedia
implied covenant of good faith and fair dealing — A general assumption of the law of contracts that a person will act in good faith and deal fairly without breaking her or his word, attempting to avoid obligations, or denying that which was clearly understood. A lawsuit based on the breach of … Business law dictionary
implied covenant — agreement which is understood without being explicitly stated … English contemporary dictionary
implied — im·plied /im plīd/ adj: not directly or specifically made known (as in the terms of a contract); specif: recognized (as by a court) as existing by reason of an inference and esp. on legal or equitable grounds for breach of implied covenants in… … Law dictionary
covenant — /kavanant/ An agreement, convention, or promise of two or more parties, by deed in writing, signed, and delivered, by which either of the parties pledges himself to the other that something is either done, or shall be done, or shall not be done,… … Black's law dictionary
covenant — /kavanant/ An agreement, convention, or promise of two or more parties, by deed in writing, signed, and delivered, by which either of the parties pledges himself to the other that something is either done, or shall be done, or shall not be done,… … Black's law dictionary
covenant of quiet enjoyment — A title covenant, an assurance that the grantee shall have legal, quiet, and peaceful possession. 20 Am J2d Cov § 97; an express or implied covenant in a lease that the lessee shall not be evicted or disturbed in his possession of the demised… … Ballentine's law dictionary
covenant in law — A covenant which the law implies or intends from the nature of the transaction, although it is not expressed by words in the instrument which contains it. It is a rule that such a covenant is operative only when the parties have omitted to insert … Ballentine's law dictionary
implied covenants — express or implied covenants The former being those which are created by the express words of the parties to the deed declaratory of their intention, while implied covenants are those which are inferred by the law from certain words in a deed… … Black's law dictionary
