The purpose of legal due diligence is to enable a purchaser to assess the legal risks associated with a business or a product to decide as to whether they will proceed with the transaction and, if so, on what terms.
One of the most crucial elements in the decision-making of a purchase of a business is due diligence. The undertaking of this process will also make you [the purchaser] feel more comfortable that your expectations are correct regarding the transaction.
To help, we have summarised the key areas for businesses to check off when conducting legal due diligence so you can make a more informed purchase decision.
