864 A.2d 387 (2005)

182 N.J. 210

BRUNSWICK HILLS RACQUET CLUB, INC., Plaintiff-Appellant, v. ROUTE 18 SHOPPING CENTER ASSOCIATES, a Limited Partnership, Defendant-Respondent.

Supreme Court of New Jersey.

Decided January 25, 2005.

Attorney(s) appearing for the Case

David C. Apy, Newark, argued the cause for appellant (McCarter & English, attorneys; Mr. Apy and Joseph R. Scholz, on the briefs).

Sheppard A. Guryan, Roseland, argued the cause for respondent (Lasser Hochman, attorneys; Bruce H. Snyder, on the brief).

Edwin J. McCreedy, Cranford, President, submitted a brief on behalf of amicus curiae, New Jersey State Bar Association.

Justice ALBIN delivered the opinion of the Court.

In the highly competitive world of commercial transactions, sophisticated business entities operate according to the impersonal laws of the marketplace in which self-interest, not altruism, is the dominating principle. We must decide to what extent the covenant of good faith and fair dealing, which is implicit in every contract, governs the arms-length business transactions of such entities.

In this case, a...

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