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Due Diligence (DD) :
It is the Invitation of a business or person before sign in to a contract, or act with a certain standards of care.
When you're in the process of buying a business and you're at the stage where due diligence occurs, you'll most likely have to sign a confidentiality agreement with the seller and assure him or her that you won't contact anyone for additional information about the business without his or her prior approval. The last thing a seller wants to do is disrupt or threaten important relationships with staff or suppliers by prematurely announcing the sale of the business
Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.
It is seeking to gain access to information or to solve the problem
I agree with Mr. Shamseer <<<<<<<<<<<<<
1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to a sale.2. Generally, due diligence refers to the care a reasonable person should take before entering into an agreement or a transaction with another party.3. Offers to purchase an asset are usually dependent on the results of due diligence analysis. This includes reviewing all financial records plus anything else deemed material to the sale. Sellers could also perform a due diligence analysis on the buyer. Items that may be considered are the buyer's ability to purchase, as well as other items that would affect the purchased entity or the seller after the sale has been completed.4. Due diligence is a way of preventing unnecessary harm to either party involved in a transaction.
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