What is Good Faith Bargaining?
Good faith bargaining refers to a type of negotiation in which all parties want and try to achieve a reasonable agreement with a positive outcome for all included parties.
Good faith bargaining definition
Good faith bargaining refers to a type of negotiation in which all parties want and try to achieve a reasonable agreement with a positive outcome for all included parties.
In goal set bargaining it is important to act ethically and trutfully and that no party is 'giving in' or trying to deceive or mislead the other party.
Good faith bargaining process
This process includes steps like:
• Providing relevant information whenever required
• Regularly attending meetings
• Genuinely considering the proposals of other parties
• Responding in time to the proposal of other parties
• Providing valid reasons for rejecting the proposal