Good Faith Principles Application in Property Trading Business Agreements

Abstract

The business practice of property service users in Denpasar City makes an agreement that begins with a standard agreement of cooperation that does not provide a balance of interests for the parties leading to a reaction that leads to the need to be given a proper place for the existence of the principles of good faith and propriety in the making and implementation of the agreement. So it is necessary to conduct a study on 1) How to implement the application of the principle of good faith in the implementation of business agreements for trade intermediary business actors in the city of Denpasar and 2) What are the forms of legal accountability of trade intermediary business actors to the parties related to the default of business agreements in Denpasar City. The method used in this study is a type of empirical normative legal research with a direct review approach to the field. The application of the principle of good faith in business agreements in the property trading business in Denpasar City has not been carried out properly, as indicated by the existence of defaults. To overcome this, any problems that arise in the field of business agreements must pay attention to the terms of the validity of the agreement, and the principles or principles in contract law by applying the principle of good faith. Basically, the parties must apply the principle of good faith in carrying out business agreements in order to achieve a balance of interests between the two parties.

Keywords: business transaction agreement; good faith; property; buy; sell

DOI: 10.7176/JLPG/123-05

Publication date:August 31^st 2022