Commercially Reasonable Efforts Standard

The Commercially Reasonable Efforts Standard is a legal concept that refers to the level of effort that a party must exert in order to fulfill their obligations under a contract or agreement. This standard requires the party to act in a manner that is reasonable and consistent with industry practices and standards.

IRI: http://lmss.sali.org/RuYatR0GQCBDUpS0WtbxAv
Branch: Objectives

Also known as

Commercially Reasonable Efforts Standard, Estándar de Esfuerzos Comercialmente Razonables, Estándar de Esfuerzos Comercialmente Razonables, Norme d'efforts commercialement raisonnables, Padrão de esforços comercialmente razoáveis, Standard für kommerziell angemessene Anstrengungen, תקן מאמץ מסחרי סביר, वाणिज्यिक उचित प्रयास मानक, 商业上合理努力标准, 商業上合理な努力基準

Ancestry path

Objectives Transactional Objectives Mergers and Acquisitions Objectives Deal Protection and Related Provisions Pre-Closing Covenants Interim Operations Provisions Affirmative Covenant Efforts Standards

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