• Blog Post

    Business Basics: The Duty of Good Faith and Fair Dealing and the Parol Evidence Rule

              The duty of good faith and fair dealing is essentially the Golden Rule of Contract law and Business Law: treat others how you want to be treated, and you have a better chance of avoiding litigation.  When parties run afoul of this duty, courts notice and hold them accountable.  In Blondell v. Ahmed, the North Carolina Court of Appeals remanded a case where it believed the sellers of a home may have breached their duty of good faith and fair dealing under a Listing Agreement with their real estate agent.[1]             In March of 2013, the sellers of a house,…