Usually, a potential buyer of a business will want a due diligence involving a review of the relevant documents regarding the business. Alternatively, the seller can provide a number of guarantees relating to issues that are of importance with regard to the business transfer. IDEAL Law Firm LLP can assist with the structuring of the due diligence process. We participate in the negotiations concerning terms and conditions and we handle and prepare the necessary documents.
The investigations carried out in connection with mergers & acquisitions are called due diligence.
The purpose of the due diligence investigations is to provide the potential buyer with an insight into the situation of the business before implementation of the business transfer, so that the potential buyer can be sure that the business is sound.
It may also be important for the seller that the buyer performs a thorough due diligence investigation, as it may limit the scope of the representations and warranties typically provided by the seller as part of the business transfer.