Define: Commercially Reasonable Efforts

What does "Commercially Reasonable Efforts" mean? The meaning differs based on the contract. We found 3 definitions across 2 companies in SEC filings.

Definition 1 (EXPAND ENERGY Corp, seen in 1 filing)

Commercially Reasonable Efforts means efforts that are reasonable under the circumstances to achieve the desired result, taking into account factors such as cost, time, and likelihood of success.

Source: EXPAND ENERGY Corp 10-K

Definition 2 (EXPAND ENERGY Corp, seen in 1 filing)

Commercially Reasonable Efforts means efforts that are reasonable under the circumstances.

Source: EXPAND ENERGY Corp 10-K

Definition 3 (Tesla, Inc., seen in 1 filing)

Commercially Reasonable Efforts means taking all such steps and performing in such a manner as a well-managed company would undertake where it was acting in a determined, prudent and reasonable manner to achieve a particular desired result for its own benefit.

Source: Tesla, Inc. 10-K

Data extracted from 3 SEC EDGAR filings across 2 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 2
Keywords:
Commercially Reasonable Effortsdefinitioncontract languagelegal termSEC filing

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