A cláusula de melhores esforços (best efforts) na prática jurídica brasileira: uma nova perspectiva
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Data
2016-02-23
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Pargendler, Mariana
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Resumo
The use of the best efforts clause is a common practice among Brazilian businessmen and lawyers. A study of sophisticated shareholders agreement of listed companies in Brazil shows the high incidence of the clause. Such inclusion has strong economic reasons, to justify its recognition and interpretation under Brazilian law. The standard of conduct required by this best efforts clause shall be analyzed according to different criteria, with subjective and objective elements, as well as the social environment and related custom and usage, based on well-established private law principles and rules. Brazil’s limited case law on this, as well as the consolidated jurisprudence in the U.S. relating to the clause, contribute to the best understanding of its legal nature and of the level of conduct required, which distinguishes the best efforts obligation from implicit good faith duties. Among findings, we can mention that the best efforts clause shall not be equate to the good faith duties or a mere moral duty. Its legal recognition as a distinct pattern of conduct, as each specific situation, shall be enforced by the national legal system