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If the parties cannot agree, they are also tools that allow termination of the contract. You are entering into a legally binding agreement. 1.Read the entire contract before you sign it. 2. A due diligence contingency is a length of time specified in the contract for the buyer to carry out and perform due diligence. Contract Tip: Due Diligence: What if Seller Doesn't Respond to Buyer's Amendment in Time? In some cases, the buyer may request an extension of the Due. Diligence Period to complete due diligence or address an issue that.