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The concept of "good faith" in law refers to honesty, fairness, and sincerity in dealings. It plays a crucial role in legal decision-making and contractual relationships by requiring parties to act honestly and fairly towards each other. This principle helps ensure that contracts are upheld in a just manner and that parties can trust each other to act in good faith. Failure to adhere to the principle of good faith can lead to legal consequences and may impact the validity of a contract.

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