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Delaware Law

'Good Faith and Fair Dealing' in Contract Law Does Not Impose Abstract Morality

Brad Reid | Posted 07.02.2014 | Business
Brad Reid

The Delaware Court of Chancery recently discussed the contractual legal requirement of "good faith and fair dealing" in the context of a limited partnership agreement. In essence, a contract's language and the purposes of the contracting parties control any implied terms that a court might impose.

Shareholders Must Go to the Corporation Before Going to the Courthouse

Brad Reid | Posted 02.14.2012 | Business
Brad Reid

While shareholders are the owners of a corporation, in everyday actions the board of directors and officers manage the business. If a shareholder disa...