Investments glossary

Best Endeavors

Best endeavors is a phrase commonly found in commercial contracts that places an obligation on the identified party to use all efforts necessary to fulfill the terms set out. A best endeavors policy places a party under a stricter obligation than a reasonable endeavors obligation. It is equivalent to best efforts, a term widely used in securities markets and preferred in most commercial contracts signed in the United States.

Click to rate this post!
[Total: 0 Average: 0]

Leave a Reply

Your email address will not be published. Required fields are marked *