Are best effort terms what’s best for your contract?
Parties are allowed to condition performance on the satisfaction of one or the other. To do so, spell it out in the contract clearly. Some courts add an element of reasonableness for certain kinds of satisfaction contracts. If the party agrees to abide by a contract measured by the other party’s satisfaction (some contracts are inherently satisfaction contracts), performance is likely measured by subjective factors, tempered only by honesty. For the party who is performing, these sorts of contracts should be avoided whenever possible. This white paper reviews satisfaction contracts and best effort terms and discusses delivery and acceptance terms and contract termination provisions.
Agenda
Faculty
Timothy Murray
Murray, Hogue & Lannis
- Partner in the law firm Murray, Hogue & Lannis, Pittsburgh, PA
- Practice emphasizes contract law
- Conducts regular seminars on the law of contracts
- Author volume 1 of Corbin on Contracts (revised edition, 2018), Co-author of Corbin on Contracts Desk Edition and the biannual supplements to Corbin on Contracts
- Member of the Pennsylvania Bar
- J.D. degree, University of Pittsburgh
- Can be contacted at [email protected]
All of your training, right here at Lorman.
Pay once and get a full year of unlimited training in any format, any time!
- Live Webinars
- OnDemand Webinars
- MP3 Downloads
- Course Manuals
- Audio Recordings*
- Executive Reports
- White Papers and Articles
- Sponsored Live Webinars
Additional benefits include:
- State Specific Credit Tracker
- Members Only Newsletter
- All-Access Pass Course Concierge
* For audio recordings you only pay shipping
Questions? Call 877-296-2169 to speak with a real person.
Thank You!
Download White PaperMore Program Information
Access to all training products $699/year
Unlimited Lorman Training
With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!
Easy Registrations
Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.
Invest in Yourself
You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.
