1. (a) In this section, “good faith” means honesty in fact and the observance of reasonable commercial standards of fair dealing in the trade.

2. (b) A manufacturer, distributor, or factory branch, whether directly or through an agent, employee, or representative, may not fail to act in good faith:

   1. (1) In acting or purporting to act under the terms, provisions, or conditions of any franchise agreement; or
   2. (2) In any transaction or conduct governed by this subtitle.

Added by Acts 2001, c. 667, § 1, eff. Oct. 1, 2001.