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The doctrine of good faith is integral to trade agreements from "summary" of Modern Law of International Trade by Ajendra Srivastava
The doctrine of good faith plays a crucial role in the realm of trade agreements. It serves as a guiding principle that underpins the conduct of parties engaged in international trade. In essence, good faith requires parties to act honestly and fairly in their dealings with each other, with a view towards upholding the integrity of the agreement. When parties enter into a trade agreement, they are bound not only by the terms explicitly outlined in the contract but also by an implicit obligation to act in good faith. This means that parties must adhere to the spirit of the agreement, not just its letter. Good faith entails a duty of cooperation and transparency, with parties expected to communicate openly and honestly with each oth...
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