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Terms of contract usurp good faith duty, Quebec Appeal Court holds

Monday, February 12, 2018 @ 12:18 PM | By Luis Millan

Former employees of an asset management firm who claimed that they were unfairly bought out just before the company was sold lost a legal battle after the Quebec Court of Appeal held that the duty to act in good faith does not mean that a party to a contract must impoverish itself to enrich the other.

In a ruling that will likely reverse a growing trend by the courts to broadly interpret the notion of good faith, the Appeal Court reaffirmed that the terms of a...