Best Efforts Clause
/ˌbɛst ˈɛfərts klɔz/
Definitions
- (n.) A contractual provision requiring a party to exert their utmost effort to achieve a specified objective, without guaranteeing success.
The seller agreed under the best efforts clause to obtain all necessary permits for the transaction.
Forms
- best efforts clause
Related terms
See also
Commentary
The phrase is often debated for ambiguity; drafters should define 'best efforts' precisely to clarify the expected standard of performance.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.