Top four things to know about ‘good faith’ and commercial contracts

By Marco Falco (October 6, 2022, 1:55 PM EDT) -- The Supreme Court of Canada’s precedent-setting decision, Bhasin v. Hrynew, 2014 SCC 71, established that all commercial contracts in Canada are bound by the principle of good faith. This includes an obligation by both parties to perform the contract honestly, to exercise any contractual discretion reasonably, and to co-operate to fulfil the objects of the agreement....