sec.122ABObligation to negotiate in good faith

sec.122AB Obligation to negotiate in good faith

This section applies if— MEDQ proposes to another entity that they enter into a housing agreement; or another entity proposes to MEDQ that they enter into a housing agreement. The entity (the recipient ) to whom the proposal is made must, in writing, tell the entity making the proposal if the recipient agrees to entering into negotiations for a housing agreement. When negotiating a housing agreement, the entities must act in good faith. disclosing to the other party to the negotiations in a timely way information relevant to entering into the proposed agreement considering and responding in a timely way to the other party’s proposals about the proposed agreement giving reasons for each response s 122AB ins 2024 No. 32 s 40 (sec.122AB-ssec.1) This section applies if— MEDQ proposes to another entity that they enter into a housing agreement; or another entity proposes to MEDQ that they enter into a housing agreement. (sec.122AB-ssec.2) The entity (the recipient ) to whom the proposal is made must, in writing, tell the entity making the proposal if the recipient agrees to entering into negotiations for a housing agreement. (sec.122AB-ssec.3) When negotiating a housing agreement, the entities must act in good faith. disclosing to the other party to the negotiations in a timely way information relevant to entering into the proposed agreement considering and responding in a timely way to the other party’s proposals about the proposed agreement giving reasons for each response

• (a) MEDQ proposes to another entity that they enter into a housing agreement; or
• (b) another entity proposes to MEDQ that they enter into a housing agreement.
• • disclosing to the other party to the negotiations in a timely way information relevant to entering into the proposed agreement
• • considering and responding in a timely way to the other party’s proposals about the proposed agreement
• • giving reasons for each response