Best efforts: Difference between revisions
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''Law - contract.'' | |||
Best efforts arrangements are ones which fall short of being underwritten or guaranteed. | |||
A party committing to make best efforts is obliged to make the efforts that a prudent person who wanted to achieve a result would use in the circumstances. | |||
== See also == | == See also == | ||
* [[Best-efforts deal]] | * [[Best-efforts deal]] | ||
* [[Contract]] | |||
* [[Law]] | |||
* [[Underwritten deal]] | * [[Underwritten deal]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 00:56, 10 October 2023
Law - contract.
Best efforts arrangements are ones which fall short of being underwritten or guaranteed.
A party committing to make best efforts is obliged to make the efforts that a prudent person who wanted to achieve a result would use in the circumstances.
