Title

Default Standards for Non-absolute Obligation Clauses

Publication Type

Journal Article

Publication Date

8-2014

Abstract

A “reasonable endeavours” undertaking, and its variants, are common features of commercial contracts. These clauses might be inserted into agreements to balance the interests of the parties where the achievement of the contractual object involves conditions beyond the obligor’s control, for example, the procurement of a third party’s performance. Equally common is the insertion of these clauses into contracts to resolve a negotiation stalemate where one party refuses to promise the absolute achievement of the contractual objective.

Discipline

Commercial Law

Research Areas

Commercial Law

Publication

Lloyd's Maritime and Commercial Law Quarterly

Volume

2014

Issue

3

First Page

320

Last Page

327

ISSN

0306-2945

Publisher

Lloyds of London Press

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