13:34
as far as i know, that information is simply for data collection purposes
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Simple English definitions for legal terms
best endeavors
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A quick definition of best endeavors:
Best endeavors means doing your very best to fulfill an obligation or complete a task. It is a stronger commitment than simply acting in good faith. To meet the standard of best endeavors, you must take the same measures that a reasonable person in your situation would take. This term is often used in contracts to ensure that parties are making a sincere effort to fulfill their obligations.
A more thorough explanation:
Definition: Best endeavors refer to the diligent attempts made by an individual or organization to fulfill their obligations. It is a stronger standard than good faith and is measured by the actions that a reasonable person in the same circumstances would take.
Example: A contractor is hired to complete a project within a specific timeframe. The contract states that the contractor must use their best endeavors to complete the work on time. This means that the contractor must make every effort to finish the project within the given timeframe, including working overtime or hiring additional workers if necessary.
Explanation: The example illustrates how best endeavors require an individual or organization to go above and beyond what is expected to fulfill their obligations. In this case, the contractor must use all available resources to complete the project on time, even if it means incurring additional costs or putting in extra effort.