Here is an often cited concept raised in contract litigation – the implied covenant of good faith and fair dealing:
“The implied covenant of good faith and fair dealing” embraces a pledge that neither party shall do anything which will have the effect of destroying or injuring the right of the other party to receive the fruits of the contract” ABN AMRO Bank, N.V. v. MBIA Inc., 2011 N.Y. Slip Op 5542, 11-12 (2011), citing, Dalton v. Educational Testing Serv., 87 N.Y.2d 384, 389, 663 N.E.2d 289, 639 N.Y.S.2d 977 (1995.).
If you have any legal questions or need help with a claim for a breach of implied warranty of good faith and fair dealing, please contact Attorney Scott Lanin at (212) 764-7250 x 201 or use the contact form in the right sidebar.
