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Business Organizations Law

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2017

Delaware

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Delineating The Implied Covenant And Providing For “Good Faith”, Daniel S. Kleinberger Jan 2017

Delineating The Implied Covenant And Providing For “Good Faith”, Daniel S. Kleinberger

Faculty Scholarship

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."