Effort, greatest (best efforts)

A caveat often included in contracts on the financial market. It states that the business partner will make every effort to achieve a good result. However, he cannot guarantee the success of a transaction (designation that a certain financial result is not guaranteed, but that a good faith effort will be made to provide the result that is represented).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/