What is due diligence?
An IT due diligence, which is an assessment performed on any company with a business that is supported or sometimes enabled by IT/digital capabilities, seeks to uncover performance, liabilities, key risks and opportunities as well as potential investment needs associated with the target companys IT organisation and IT ...
Is due diligence noun?
noun Law, Business. reasonable care and caution exercised by a person who is buying, selling, giving professional advice, etc., especially as required by law to protect against incurring liability: The court said there was due diligence on the part of the plaintiff.
What is due diligence in simple words?
Due diligence is a process or effort to collect and analyze information before making a decision or conducting a transaction so a party is not held legally liable for any loss or damage. Fundamentally, doing your due diligence means that you have gathered the necessary facts to make a wise and informed decision.
How long does a due diligence take?
How long does it take? Typically, the due diligence period lasts for 45-180 days, depending on the sophistication of the buyer and complexity of the deal. With more complicated deals, it could last six to nine months.