Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

best-efforts contract

A contract in which a party undertakes to use best efforts to fulfill the promises made; a contract in which the adequacy of a party's performance is measured by the party's ability to fulfill the specified obligations. ( Although the obligor must use best efforts, the risk of failure lies with the obligee. To be enforceable, a best-efforts term must generally set some kind of goal or guideline against which the efforts may be measured. See BEST EFFORTS.

best-efforts contract.

See CONTRACT,