good

Contractual TerminologyLegal glossary term

Legal Definition

In a legal context, 'good' often refers to a state of being satisfactory or acceptable under the terms of a contract or legal requirement. It signifies that a condition, performance, or outcome meets the required standard or expectation set forth in a legal document.

Plain-English Translation

Imagine 'good' as meaning something is right or okay according to the rules. In law, it means the result is acceptable or satisfactory based on what the contract or statute demands.

Context in Contracts

It matters because 'good' establishes the benchmark for success in litigation or contract interpretation. It determines whether an action taken by one party meets the legal requirement set forth in the agreement.

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01

A contract clause stating that the service provided must be 'good' (i.e., satisfactory).

02

A court finding that a plaintiff's claim succeeded because the evidence showed the defendant acted in a 'good' manner.

Document context

How good shows up in legal documents

What is it?

A state of being satisfactory, acceptable, or meeting a required standard; often used in contractual clauses to denote successful performance or valid conditions.

Why does it matter?

It matters because 'good' establishes the benchmark for success in litigation or contract interpretation. It determines whether an action taken by one party meets the legal requirement set forth in the agreement.

When does it matter?

When discussing the fulfillment of obligations, successful outcomes, or satisfactory conditions within a legal proceeding or contractual agreement.

Where is it usually seen?

In legal documents such as settlement agreements, warranty clauses, or performance benchmarks where the outcome is deemed acceptable.

Who is affected?

Affected parties include the plaintiff/claimant who seeks a favorable outcome and the defendant/other party whose actions are judged against the standard of 'good'.

How does it work?

It works by establishing that a specific condition, performance metric, or result is deemed acceptable under the legal framework. It often requires proof that the required standard has been met.

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Wikipedia

Good

In most contexts, the concept of good denotes the conduct that should be preferred when posed with a choice between possible actions. Good is generally considered to be the opposite of evil. The specific meaning and etymology of the term and its associated...

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