best efforts

best efforts. Diligent attempts to carry out an obligation (the contractor must use best efforts to complete its work within the stated time). • As a standard, a best-efforts obligation is stronger than a good-faith obligation. Best efforts are measured by the measures that a reasonable person in the same circumstances and of the same nature as the acting party would take. — Also termed best endeavors. Cf. due diligence (1) under DILIGENCE; GOOD FAITH . [Cases: Contracts 189. C.J.S. Contracts §§ 341–342.]

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词条贡献者

译者蒋毅，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与破产与资产重组相关的法律文件。