WebJan 18, 2024 · Commercially Reasonable Efforts. If your client is going to contractually commit to using "commercially reason-able efforts" to do something – but expects that obligation to require some-thing less than “all reasonable efforts” – then you’ll want to make the client's expectation clear in the contract language itself. WebApr 11, 2024 · adjective. : fair, done in good faith, and corresponding to commonly accepted commercial practices. after default a secured party may sell…the collateral in its present condition or following any commercially reasonable preparation Uniform Commercial …

Commercially reasonable definition and meaning - Collins Dictionary

WebMar 31, 2024 · New York – New York courts have held that “commercially reasonable efforts” is an objective standard, focused on objective reasonableness. Holland Loader Co., LLC v. FLSmidth A/S, 313 F. … WebReasonable Time: In the absence of an express or fixed time established by the parties to an agreement or contract (especially one that falls under the purview of the Uniform Commercial Code [UCC]), any time which is not manifestly unreasonable under the circumstances. For example, if a contract does not fix a specific time for performance, ... claudio jans

"Best efforts" - "reasonable efforts" - "commercially

WebThe Delaware Supreme Court recently analyzed, for the first time, a common contractual standard in business agreements. The legal meaning of the phrase “commercially … WebWhat is a Commercially Reasonable Security Procedure 97 This article will explore the receiving bank’s ability under Article 4A to avoid liability for a fraudulent payment order if it has a “commercially reasonable” security procedure in place. Of necessity, this article will discuss the related issues of whether the particular security WebDefine Commercially Unreasonable. means that the activity referred to would be unreasonable to pursue given the efforts and resources normally used by a pharmaceutical or biotechnology company, as applicable, of comparable size and resources of such Party, in the exercise of its reasonable business discretion relating to such activity with respect … claudio graziano jan 2021