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Simple English definitions for legal terms
contractus bonae fidei, vel stricti juris
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A quick definition of contractus bonae fidei, vel stricti juris:
Contractus Bonae Fidei, Vel Stricti Juris: This is a Latin term used in Roman law to describe contracts that require the parties involved to act in good faith. This means that they must fulfill their duties honestly and fairly. If someone breaks this type of contract, they can be sued for not acting in good faith. All contracts that are agreed upon by both parties are considered to be contractus bonae fidei. Judges will enforce these contracts based on the requirements of good faith. This term is often shortened to just "contractus bonae fidei."
A more thorough explanation:
Contractus bonae fidei, vel stricti juris is a Latin term used in Roman law. It refers to contracts of good faith or of strict law. This means that the parties involved in the contract are required to perform their duties in good faith. In other words, they must act honestly and fairly towards each other. If a breach of contract occurs, a remedy can be sought.
For example, if two people enter into a contract for the sale of a car, they are expected to act in good faith. The seller must provide an accurate description of the car, and the buyer must pay the agreed-upon price. If either party fails to fulfill their obligations, the other party can seek a remedy.
All consensual contracts are considered contractus bonae fidei. This means that the parties must act in good faith, even if the contract does not explicitly state this requirement. Judges enforce contracts of good faith, such as contracts of sale, according to the requirements of good faith. Contracts of strict law, such as stipulations, are enforced according to their strict terms.
Sometimes, the term is shortened to contractus bonae fidei.