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Satisfaction Contracts and Best Efforts Terms

 

Review these terms as well as delivery and acceptance terms.

Parties are allowed to condition performance on the satisfaction of one or the other. However, in order to do so it should be spelled out in the contract clearly if you want it to be held up in court. Some courts have been known add an element of reasonableness for certain kinds of satisfaction contracts. This white paper reviews how courts are looking at this type of terms and discusses best effort terms and the importance of why your contract should specify delivery terms including time and place, method, cost, and liability for damage.

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Satisfaction Contracts and Best Efforts Terms

Agenda

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Satisfaction Contracts and Best Efforts Terms

Faculty

Timothy Murray

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]
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Satisfaction Contracts and Best Efforts Terms

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