Due diligence - doing what needs to be done

Topic: Due Diligence - Doing What Needs To Be Done

This paper was prepared for the first annual business acquisition law conference on 5 and 6 June 2014 organised by Television Education Network Pty Ltd. Practitioners and purchasers should conduct their own due diligence in relation to the subject of this paper, rather than relying on the paper. Liability limited by a scheme approved under Professional Standards Legislation

1. Why do due diligence

Every purchaser wants to know that they will get what they are paying for. To try and achieve this, well advised purchasers will seek to obtain comfort through one or more of the following:

1. Vendor warranties;
2. Personal inspection/trial periods; and