Download This PaperDelineating the Implied Covenant and Providing for 'Good Faith'
Business Law Today (May 30, 2017)
4 Pages Posted: 12 May 2023
Date Written: May 30, 2017
Abstract
This column considers whether an operating or partnership agreement can delineate the implied contractual obligation, comparing ULLCA and the Delaware Act, and then warns of the dangers of carelessly imposing by contract an express requirement of "good faith."
Keywords: ULLCA, Delination, Good faith, Implied covenant, LLC, Delaware
JEL Classification: K22
Suggested Citation: Suggested Citation
Kleinberger, Daniel S., Delineating the Implied Covenant and Providing for 'Good Faith' (May 30, 2017). Business Law Today (May 30, 2017), Available at SSRN: https://ssrn.com/abstract=4432158 or http://dx.doi.org/10.2139/ssrn.4432158
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