Best Efforts Offering

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Home Startup Terms Glossary Best Efforts Offering

What is a Best Efforts Offering?

Best efforts offerings are agreements made by a startup as a promise to deliver on a contract’s terms regardless of circumstances. While the startup is not promising total fulfillment, they guarantee the best possible effort on project deliverables, sales goals, and financial performance.

Best Efforts Offering Examples

Examples of startups using best efforts offerings include:

  • Example 1. Securing new business
  • Example 2. Promising on deliverables during the pandemic
  • Example 3. Agreeing to meet specific sales goals
  • Example 4. Selling as many securities instruments as possible
  • Example 5. Meeting sensitive deadlines

Here is an article that goes deeper into Best Efforts Offerings.

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