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Podcast: Law School
Episode: Fundamental Doctrines - Lecture Sixty: The Duty of Good Faith and Fair Dealing in Contractual Relationships
Description: This conversation delves into the complex doctrine of the implied covenant of good faith and fair dealing in contract law. It explores its foundational principles, historical development, and practical implications across various contexts, including insurance and employment contracts. The discussion emphasizes the importance of understanding both the functions and limitations of good faith, as well as the comparative perspectives between US and English law. Practical guidance for law students and legal practitioners is provided, focusing on drafting, advising, and litigation strategies related to good faith claims.In the realm of contract law, the implied...