ExpectationP-003
Good Faith
Follow the real purpose of the agreement instead of using technical wording to defeat what was reasonably promised.
stable 2 minUpdated 2026-07-10v1.0
Why it matters
A party can follow the narrow wording of a deal while still deliberately frustrating the outcome the other person was led to expect.
Good faith asks whether conduct matches the practical purpose of the promise.Exact OETS wordingOpen the citable version
Participants MUST act with a genuine intention to fulfil the practical purpose of the trade, not merely exploit its wording.
The plain explanation above is the best place to begin. This version is here when precision or citation matters.Meaning in OETS
A party acts in good faith when its conduct matches the reasonable purpose of its promises and responsibilities.
Examples
Correcting an accidental pricing error before payment.
Providing a remedy when the delivered product materially differs from the offer.
Not redefining “lifetime” after purchase to avoid support.
Transparency
Change history
Meaningful wording changes stay visible.Initial draft.