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November 14, 2014
On November 13, 2014, the Supreme Court of Canada (SCC) effected a significant development in Canadian contract law by recognizing the following:
In its unanimous decision in Bhasin v. Hrynew, 2014 SCC 71, the SCC decided that the recognition of the general principle of good faith and the new duty of honesty is an incremental development that will result in greater certainty, coherence and consistency in Canadian contract law. Based on the SCC’s decision, here are five important points that should be kept in mind:
Read the SCC’s decision in Bhasin v. Hrynew, 2014 SCC 71.
Please contact your McInnes Cooper lawyer or any member of our McInnes Cooper Corporate and Business Team or our Litigation Team to discuss this topic or any other legal issue.
McInnes Cooper has prepared this document for information only; it is not intended to be legal advice. You should consult McInnes Cooper about your unique circumstances before acting on this information. McInnes Cooper excludes all liability for anything contained in this document and any use you make of it.
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