“Best Endeavours” and “Reasonable Endeavours” Obligations in Commercial Contracts
Commercial contracts often impose obligations on a party to use their “best endeavours” or “reasonable endeavours” to perform a particular contractual obligation. For example, in a contract for the purchase and sale of land, one of the parties may be under an obligation to use their “best endeavours” or “reasonable endeavours” to obtain development approval … Continue reading “Best Endeavours” and “Reasonable Endeavours” Obligations in Commercial Contracts
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