Due Diligence is a business investigation of a business or person prior to signing a contract.
Due Diligence refers to the care a reasonable person should take before entering into an agreement or a financial transaction with another party.
There are several types of the most requested due diligence investigations:
Among other types of due diligence are:
- ITDD, IT due diligence, where a target company’s IT environment is reviewed,
- ICDD, intellectual capital due diligence, where a company’s intellectual capital is analyzed and assessed,
- HCDD, human capital due diligence, where a company’s human capital is analyzed and assessed
Due Diligence is equally important for merger and acquisitions operations of a scaled business, as well as – for a start-up business.
Companies also do due diligence when a business is looking to add a vendor, purchase commercial property, or hire a new employee. The information that is collected after the process is reviewed to make a final decision.
The information that gets collected within Due Diligence process is highly sensitive and confidential.
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