{"iri":"https://folio.openlegalstandard.org/RuYatR0GQCBDUpS0WtbxAv","label":"Commercially Reasonable Efforts Standard","sub_class_of":["https://folio.openlegalstandard.org/R7xBgB4PfVczsw05VoUobOY"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{"en-gb":"Commercially Reasonable Efforts Standard","es-es":"Estándar de Esfuerzos Comercialmente Razonables","es-mx":"Estándar de Esfuerzos Comercialmente Razonables","fr-fr":"Norme d'efforts commercialement raisonnables","pt-br":"Padrão de esforços comercialmente razoáveis","de-de":"Standard für kommerziell angemessene Anstrengungen","he-il":"תקן מאמץ מסחרי סביר","hi-in":"वाणिज्यिक उचित प्रयास मानक","zh-cn":"商业上合理努力标准","ja-jp":"商業上合理な努力基準"},"hidden_label":null,"definition":"The Commercially Reasonable Efforts Standard is a legal concept that refers to the level of effort that a party must exert in order to fulfill their obligations under a contract or agreement. This standard requires the party to act in a manner that is reasonable and consistent with industry practices and standards.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}