Due diligence - The process that companies, or more particularly their lawyers and accountants, carry out when one is about to acquire another. Basically, due diligence involves checking as much as possible about a company"s financial performance and its liabilities before a deal is done, so that there are no nasty surprises afterwards. If, despite due diligence, there are some unforeseen surprises, the lawyers and accountants can expect heavy criticism from their client and possibly a lawsuit for negligence.
Due diligence : the process that companies, or more particularly their lawyers and accountants, carry out when one is about to acquire another. basically, due diligence involves checking as much as possible about a company"s financial performance and its liabilities before a deal is done, so that there are no nasty surprises afterwards. if, despite due diligence, there are some unforeseen surprises, the lawyers and accountants can expect heavy criticism from their client and possibly a lawsuit for negligence.
Due diligence