Good faith bargaining typically refers to a party's duty to meet and negotiate at reasonable times with another party. Parties should be willing to reach an agreement, although neither party is required to agree to any proposal or make concessions.
If you do something in good faith, you seriously believe that what you are doing is right, honest, or legal, even though this may not be the case. This report was published in good faith but we regret any confusion which may have been caused. Synonyms: honestly, .
The U.C.C. imposes an obligation of good faith on the performance of every contract or duty under its purview. The law also generally requires good faith of fiduciaries and agents acting on behalf of their principals. There is also a requirement under the National Labor Relations Act that employers and unions bargain in good faith.