Tag archives: commercial agreements

Interpreting “efforts” in commercial contracts

Encountering the phrases, “best efforts”, “reasonable efforts” and “commercially reasonable efforts” in commercial contracts sans definition leaves enough latitude for interpretation to cause uncertainty.  Nevertheless, a considerable amount of jurisprudence does provide some guidance. A hierarchy has been accepted whereby “best efforts” imposes the most onerous requirement in comparison to “reasonable efforts” or “commercial reasonable … Continue reading
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