Good-Faith in Contracts

Abstract

This article will outline only the new aspects in the matter, namely the legal regulation of the negotiation stage in reaching an agreement, as well as the inherent consequences deriving from such regulation, namely the need of observing good faith in negotiations and the obligation of covering the damage caused by sudden breaking off of negotiations. At the same time, the article gives some terminological explanations for the concept of good faith, which is widely used both in substantive law and in procedural law.