United States considerationbest efforts

Wood v Lucy, Lady Duff-Gordon

222 N.Y. 88, 118 N.E. 214 (1917)

JurisdictionUnited States

CourtNew York Court of Appeals

Year1917

StatusBinding authority

Key Principle

A court will imply a promise to use reasonable (best) efforts in an exclusive-dealing arrangement, and that implied promise supplies the consideration needed to make the agreement an enforceable bilateral contract.

Area of Law

contract

Related Cases

ProCD Inc v Zeidenberg 86 F.3d 1447 (7th Cir. 1996)

Sullivan v O'Connor 363 Mass. 579, 296 N.E.2d 183 (1973)

Williams v Walker-Thomas Furniture Co 350 F.2d 445 (D.C. Cir. 1965)

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