What is the legal definition of a gesture of goodwill?

Answer 1

A gesture of goodwill is typically defined as an action taken by one party to demonstrate goodwill or to foster goodwill between parties, often in the context of resolving a dispute or maintaining a relationship. Legally, it may involve offering concessions, refunds, or compromises without admitting fault or liability. Such gestures are often not legally binding but can play a significant role in negotiations and maintaining goodwill in business or personal interactions.