During negotiations, each side is obligated to negotiate in what manner?

The obligation for each side to negotiate in good faith is essential in maintaining a fair and constructive dialogue during negotiations. Good faith negotiation involves a sincere intention to reach an agreement, open communication, and a willingness to consider the other party’s interests. This approach fosters a cooperative atmosphere, allowing both parties to work collaboratively toward a mutually beneficial outcome.

Negotiating in good faith means that each party is expected to engage honestly, making genuine offers and concessions, rather than adopting deceitful tactics or refusing to cooperate. This type of negotiation not only helps in building trust but is also often a requirement in various legal frameworks and contracts, which underline the importance of fairness in the negotiation process.