This article is part of a series on. Corporate law. Due diligence is an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations.
https://en.wikipedia.org/wiki/Due_diligence
LEGAL DUE DILIGENCE The majority of all findings made during due diligence (deal breakers not included) should have one or more of the following consequences: Reduction of the purchase price Specific indemnities, representations or warranties Closing conditions or closing delivery Post-closing implementation
http://www.uio.no/studier/emner/jus/jus/ENGSEMJ/v12/undervisningsmateriale/Week%203%20-Legal%20due%20diligence%20(2).pdf
LEGAL DUE DILIGENCE A due diligence report should be a clear report of the most important findings, comments thereto and recommendations on how to deal with the findings Basically, the report should be a tool for the potential buyer to make the legal and commercial decisions
http://www.uio.no/studier/emner/jus/jus/ENGSEMJ/v12/undervisningsmateriale/Week%203%20-Legal%20due%20diligence%20(2).pdf
(This can include self due diligence or “reverse due diligence”, i.e. an assessment of a company, usually by a third party on behalf of the company, prior to taking the company to market.) A reasonable investigation focusing on material future matters.
https://en.wikipedia.org/wiki/Due_diligence
Due diligence takes different forms depending on its purpose: 1  The examination of a potential target for merger, acquisition, privatization, or similar corporate finance transaction normally by a buyer. 2  A reasonable investigation focusing on material future matters.
https://en.wikipedia.org/wiki/Due_diligence
LEGAL DUE DILIGENCE Overall purpose of legal due diligence is almost always the same: to identify and handle actual and potential legal liabilities and obstacles in the target group or asset Due diligence findings (legal, commercial, financial or tax) transform into the right form of risk allocation
http://www.uio.no/studier/emner/jus/jus/ENGSEMJ/v12/undervisningsmateriale/Week%203%20-Legal%20due%20diligence%20(2).pdf
Due diligence is also used in criminal law to describe the scope of the duty of a prosecutor, to take efforts to turn over potentially exculpatory evidence, to (accused) criminal defendants.
https://en.wikipedia.org/wiki/Due_diligence
Legal Due Diligence. As described in an earlier post, due diligence is the process of investigating and considering an action before consummating it. Due diligence can include drilling down on the facts, risks and opportunities of a transaction and involve business people, lawyers, accountants, financiers, consultants, private investigators and IT specialists, among others. Due diligence is done in connection with an action significant enough to make the investigation worthwhile. Legal due diligence refers to the legal portion of a due diligence investigation. What Happens in Legal Due Diligence. In legal due diligence, lawyers comb through appropriate materials to determine relevant facts. Specifically, lawyers are focussed on two categories: determining (1) current status and (2) consequences of the contemplated action. Status.
https://info.kirasystems.com/blog/2011/06/09/legal-due-diligence-explained
Due diligence. Due diligence is an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for an acquisition. The theory behind due diligence holds that performing this type of investigation contributes significantly
https://en.wikipedia.org/wiki/Due_diligence
Purpose of due diligence/warranties/disclosure To flush out information To provide a way to adjust afterwards if disclosures are wrong To avoid breach of warranty claims (for the seller) Disclosure is the seller’s ”shield” not buyer’s ”sword” The warranties written as absolute statements but are qualified by the
http://www.uio.no/studier/emner/jus/jus/ENGSEMJ/v12/undervisningsmateriale/Week%203%20-Legal%20due%20diligence%20(2).pdf
what does due diligence cover
Due diligence can include drilling down on the facts, risks and opportunities of a transaction and involve business people, lawyers, accountants, financiers, consultants, private investigators and IT specialists, among others.