Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 1, 2013 erstellt
Description:
This short note evaluates the use of ‘best efforts' clauses, surveying the direct or indirect effect on the parties behaviour. Part I describes the legal definition and interpretation of ‘best efforts' in the United States and England. Part II provides practical considerations when drafting a contract to avoid ambiguity of ‘best efforts'