'Due Diligence' or DD is used when it comes to legal
profession, particularly in corporate law practice, day in and day
out.
What is it?
Legal due diligence is a critical process in the today's
business world, especially when it comes to mergers and
acquisitions, investments, and other significant business
transactions.
To put it very simply, it is a process of investigation or
review - the objective of this exercise is to confirm facts or
details of a matter under consideration.
A due diligence can be general or specific, e.g. legal,
financial, secretarial, environmental, asset centric, and so
on.
In the context of a business transaction, legal due diligence
involves the examination of all legal aspects of a company to
ensure that there are no surprises after a deal has been
executed.
