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25 March 2007

Comments

Nearly Legal

It must be a Sunday thing. I am in awe of the clarity of your statement of the import of the terms, but I think we were thinking similarly.

I've updated my post to point to yours.

JB Conner

In the US (NY, for example), numerous courts have found that "best efforts" does not require endeavoring to the entire consideration short of insolvency. Of course, the extent of such endeavoring has not been made clear by the courts.

I think this results in more blurriness between the standards in the US.

Corporate Blawg

Thanks JB... My definition of "best endeavours" is intended more as a rule of thumb for drafting. As you can see by the Rhodia case, there is blurriness in the UK too.

Ultimately, Corporate Blawg's message is to never allow best endeavours and always try to get them.

L. G,

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Your blog likes a mini encyclopedia. Reading your article is just like attending a special lecture after my school. Really helpful, thank you.

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