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The following is a schedule of categories of documents and information that [?] (? Buyer ?) would like to review as part of its legal due diligence in connection with a possible strategic transaction (the ? Transaction ?) with [?] (the ? Company ?).
An example of the due diligence process in real estate would be a survey of a property for a sale by a professional and registered agent. The findings from the survey would then be given to the buyer so that they can make a fully informed decision as to whether to pursue purchasing the property.
Due diligence falls into three main categories: legal due diligence. financial due diligence. commercial due diligence.
Due diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party.
In Georgia, due diligence is the period when you are given an amount of time to get out of a purchase and sale agreement and still obtain your earnest money deposit back. This allows a buyer to carry out all the inspections of the home and the surroundings before coming to any conclusions.
A day is also the entire day. So, for example, if a person has a ten (10) day Due Diligence Period from the Binding Agreement Date, it would end at midnight on the tenth day after the Binding Agreement Date.
The phrase ?Due diligence? sounds complicated but in reality, it is simply the process of doing your homework before you make a major commitment, either on a business or personal level.
The quality of working carefully and with a lot of effort: She hoped that her diligence would be noticed at work. The exhibition has been researched with extraordinary diligence.