Best Endeavors

A term commonly found in commercial contracts, that places upon the party given such an undertaking, the obligation to use all efforts necessary to fulfill it. "Best endeavors" places a party under a stricter obligation than "reasonable endeavors." It is equivalent to the "best efforts" term widely used in securities markets.

The legal interpretation of a "best endeavors" obligation, is that it places upon the party the onus of making every reasonable effort, to achieve the desired objective. In contrast, the "reasonable endeavors" obligation, may require the party to take no more than a single course of action. The lines between "best endeavors" and "reasonable endeavors" can sometimes be blurred, which may result in the parties involved taking the matter to court. In such cases, the court may assess a number of factors before arriving at its decision, such as the extent of the efforts made, commercial viability and the presence of conflicting obligations.

Investment dictionary. . 2012.

Look at other dictionaries:

  • use one's best endeavors — index attempt Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • best endeavours — ˌbest enˈdeavours , best endeavors adjective another name for best efforts * * * best endeavours UK }} US }} noun (US best endeavors) LAW ► BEST EFFORTS(Cf. ↑ …   Financial and business terms

  • best efforts — noun a) An assurance of good faith effort to achieve best results under prevailing circumstances. b) An effort to sell securities without a firm underwriting. Syn: best endeavors …   Wiktionary

  • Racial Integrity Act of 1924 — On March 20, 1924 the Virginia Legislature (United States) passed two closely related eugenics laws: SB 219, entitled The Racial Integrity Act [Racial Integrity Act of 1924, at] and SB 281, An ACT to provide for the sexual… …   Wikipedia

  • Halukka — The halukka (Hebrew: החלוקה‎) was an organized distribution and collection of funds for the residents of the Yishuv haYashan in the Holy Land; which were organized into Kolelim. Sympathizing Jews in the diaspora formed a standing committee,… …   Wikipedia

  • attempt — at·tempt n: the crime of having the intent to commit and taking action in an effort to commit a crime that fails or is prevented – called also criminal attempt; see also impossibility ◇ There is no settled answer to how close to completing a… …   Law dictionary

  • Richard L. Coe — Richard Livingston Coe (1914 1995) was a longtime theatre critic for The Washington Post. Coe was renowned for the astute advice he gave to many pre Broadway try out companies. His adroit and knowledgeable commentary is credited with persuading… …   Wikipedia

  • Andrew Fletcher, Lord Milton — Andrew Fletcher, Lord Milton, (1692 December 13, 1766) was a notable Scottish judge and Lord Justice Clerk.FamilyAndrew Fletcher was the son of Henry Fletcher of Saltoun (d.1733) (the first person to use machinery in barleymills in Scotland) by… …   Wikipedia

  • Petrus Cunaeus — (1586, Vlissingen 2 December 1638, Leiden) was the pen name of the Dutch Scholar Peter van der Kun. Cunaeus enrolled at the University of Leyden at the age of fourteenand studied Greek and Hebrew. Following a trip to Englandin 1603, he returned… …   Wikipedia

  • Sons of Union Veterans of the Civil War — (SUVCW) is an American fraternal organization, the legal successor to the Grand Army of the Republic (GAR). Founded in late 1881, it was originally one of several competing organizations of descendants of Union veterans. By 1886, others had… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.