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29 May 2015 · Article

Best efforts clauses - what buyers expect versus how suppliers respond

Rare is the commercial agreement without some type of "efforts" clause, resulting in prolonged and often contentious negotiations. But what does "best efforts" actually mean? And when may they not be good enough? Understanding the shortcomings of efforts clauses - and how to get the result you want - may seem impossible. We've found an answer.

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