Focus on Construction | Infrastructure: "Best Efforts" - "Reasonable Efforts" - "Commercially Reasonable Efforts" - What Do These Terms Mean?, June 2010
Date:
June 7 2010
Jane Sidnell and Chris Knight co-wrote the article "Best Efforts" - "Reasonable Efforts" - "Commercially Reasonable Efforts" - What Do These Terms Mean?" for the June issue of Focus on Construction | Infrastructure.
Agreements often refer to obligations being performed to a certain standard. Those standards can be expressed in many different ways, but the terms “best efforts”, “reasonable efforts” and “commercially reasonably efforts” are frequently used qualifiers. So what is the difference between these qualifiers and is one more onerous than another?
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