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ARTICLE · 25 OCTOBER 2010

Client Newsletter Autumn 2010 – Corporate and M&A

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

Dillon Eustace is one of Ireland’s leading law firms focusing on asset management and investment...

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The terms "all reasonable endeavours", "reasonable endeavours" and "best endeavours" are regularly used in the drafting of commercial agreements and contracts.

IrelandWealth Management
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In this Issue:-

  • Endeavours Obligations
  • In the Matter of Cognotec Limited (In Receivership)

ENDEAVOURS OBLIGATIONS

Introduction

The terms "all reasonable endeavours", "reasonable endeavours" and "best endeavours" are regularly used in the drafting of commercial agreements and contracts. Despite this widespread use, the actual obligations imposed by each of these terms are unclear. Recent UK case law has provided further guidance on the obligations imposed by parties contracting to use "all reasonable endeavours".

Please see the Dillon Eustace publication entitled article "Endeavours Obligations" for further information on this matter.

IN THE MATTER OF COGNOTEC LIMITED (IN RECEIVERSHIP)

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