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Fair dealing is crucial for a businessman as it fosters trust and integrity in relationships with customers, suppliers, and partners. By adhering to fair practices, a businessman can enhance their reputation, attracting loyal clients and encouraging repeat business. Additionally, fair dealing helps to mitigate legal risks and potential disputes, ultimately contributing to long-term success and sustainability in the marketplace.

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1mo ago

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Good faith and fair dealing are important in business transactions because they help to establish trust and maintain positive relationships between parties. Acting in good faith means being honest, transparent, and fair in all dealings, which can lead to better outcomes and long-term success for all involved. Fair dealing ensures that both parties are treated fairly and that agreements are upheld in a just manner, fostering a sense of integrity and ethical behavior in the business world. Ultimately, practicing good faith and fair dealing can help to build a strong reputation and promote a healthy business environment based on mutual respect and trust.


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