Counsel asserts that liability was "transferred," yet the contract only contains a vague "best efforts to be careful" sentence with no clear allocation of loss. What quality problem exists?
Select an answer to reveal the explanation.
Short Explanation
"We'll try to be careful" is a nice sentiment, not a transfer. Real transfer language says who owns which losses. If it's fuzzy, you probably still own the problem.
Full Explanation
Contractual risk transfer depends on clear allocation of responsibilities and financial consequences. Vague best-efforts promises do not reliably shift liability. Risk managers should escalate weak language for legal strengthening rather than treating aspirational wording as completed transfer.