commercially reasonable

Definition of "commercially reasonable"
  1. A term referring to actions or agreements that are fair, taken with honest intentions, and in line with generally accepted business methods or standards
How to use "commercially reasonable" in a sentence
  1. The company is required to make a commercially reasonable effort to mitigate any damages.
  2. Their failure to take commercially reasonable precautions led to the legal dispute.
  3. The contract included a clause that all disputes would be settled by taking commercially reasonable steps.

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