Mergers & Acquisitions

Resources: Glossary

Don’t be confused or intimidated by any terms or abbreviations in the M&A world. You’ll find answers here.

Best Efforts


A legal term that obligates the parties to make their best attempts to accomplish an objective outlined in a contract.


“The buyer will use its best efforts to obtain financing for the acquisition of the company.”

See Also

Bad faith .


Using best efforts is important in many M&A contracts because an offer may be contingent on the buyer taking a specific action. Without best efforts, the buyer could walk away from a deal by simply doing nothing.