Legal Definition of Bona fide: True; honest; acting in good faith | Learn about the legal term bona fide and its significance in business operations. Discover how it ensures genuine actions and intentions, and why it is crucial for contracts and employment relationships. Operating in a bona fide manner not only builds trust and credibility but also protects your business from legal disputes. Follow authoritative advice on maintaining bona fide practices, including transparency, fairness, and accurate record-keeping. Embrace bona fide principles to thrive in a trusted and ethical business environment