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The Implied Covenant of Good Faith and Fair Dealing: Does It Protect Members of Delaware LLCs?
Lewis H. Lazarus and Jason C. Jowers
Business Law Today
(November 2011), pp. 1-4
Published by: American Bar Association
Stable URL: http://www.jstor.org/stable/businesslawtoday.2011.11.03
Page Count: 4
You can always find the topics here!Topics: Limited liability companies, Covenants, Good faith, Bays, Fiduciary management, Financial management, Commercial law, Contracts, Fiduciary responsibility, Repurchasing
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The one duty that parties cannot waive in a Delaware limited liability company (LLC) agreement is the duty to act consistently with the implied contractual covenant of good faith and fair dealing.
© 2011 American Bar Association