Remove Contract Remove Diligence Remove Drafting Remove Finance
article thumbnail

The Process of Buying or Selling a Business: A First-Time Buyer’s Guide to Due Diligence

Strictly Business

Due diligence is the buyer’s process of discovering and evaluating information about a seller’s business to confirm that acquiring the seller’s equity or assets is a sound investment. However, the process of conducting due diligence differs between transactions for a variety of reasons.

article thumbnail

The Process of Buying or Selling a Business: An Overview

Strictly Business

The NDA is a contract where the parties agree to keep certain information confidential, like trade secrets and customer lists. Initial Due Diligence After an NDA is signed, the parties typically begin sharing information so that the buyer can determine if it wants to make an offer for the business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

AI Applications for 5 Different Legal Fields

LawTechnologyToday

From finances to entertainment, AI is reshaping how many industries go about their work. Contract disputes, for instance, require hours of due diligence that AI can automate, saving you hours of monotonous work. AI algorithms can analyze contracts and related documents to highlight language that would help your case.

Legal 131
article thumbnail

The Process of Buying or Selling a Business: M&A Letters of Intent

Strictly Business

In most cases, the first draft of an LOI will be used by the buyer to present its formal offer; however, in some cases, the seller will initially present the terms it is willing to accept. approvals, financing, tax clearances, diligence); Summary of Representations and Warranties to be included; Summary of Indemnification (i.e.

article thumbnail

How has AI emerged as the go-to legal technology?

Cenza

Allen spoke about the need for an intellectual tool to master human experience in his paper “ Symbolic Logic: A Razor-edge Tool for Drafting and Interpreting Legal Documents.” Due diligence, which is a time-intensive process, has been simplified by AI-powered tools. About Cenza.

article thumbnail

Book Review: The UN Guiding Principles on Business & Human Rights

Conflict of Laws

The commentary consists of two parts; the first part is dedicated to the UNGPs, and the second part focuses on the Principles for Responsible Contracts (PRCs) which is an integral addition to the UNGPs. The drafting process of the treaty is evidence of one of many problems with the implementation of the UNGPs.

article thumbnail

Mergers and Acquisitions Guide for In-House Counsel

InHouseBlog

Due Diligence. The next step is for the Buyer to do legal, accounting/financial and business due diligence on the Target. Business due diligence will typically include calls and possibly meetings between the Buyer and the Target’s key customers and suppliers, which will usually be arranged by the Target or its investment bank.