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

Strictly Business

Once the basic terms of the deal are agreed upon in a letter of intent , the buyer will want to sift through your business and legal records with a fine-tooth comb. This meticulous review of your business, from contracts to customer lists, is called due diligence. Due diligence allows the buyer to uncover risks when buying a business.

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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.

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Germany cabinet launches bill to strengthen rights protection in global supply chains

JURIST

Germany’s cabinet on Wednesday launched the bill for the Act on Corporate Due Diligence in Supply Chains (or Supply Chain Act) aimed at strengthening the protection of human rights, health and the environment in German companies’ global supply chains.

Diligence 211
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International companies must cease weapons support of Myanmar junta: report

JURIST

Beyond this, companies should also take steps to prevent future harmful end-use of their products through robust due diligence to identify, prevent, and mitigate the risk of harm associated with the sale/licensing and deployment of their products.

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Three Ways Contract Analytics Deliver Value Beyond Corporate Legal

LawTechnologyToday

But now, general counsels (GCs) and legal teams need solid insights on resource allocation and budgeting, too. But the need for historical and predictive analysis of in-force and pending contracts isn’t limited to the legal department. Manufacturing, Supply Chain, and HR Operations. The IT Team.

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The Process of Buying or Selling a Business: An Overview

Strictly Business

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. The depth and breadth of due diligence at this stage can vary widely from deal to deal. The LOI may also include an exclusivity period and very basic legal terms.

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The Process of Buying or Selling a Business: The Corporate Transparency Act

Strictly Business

Therefore, the buyer should take the following steps when looking to purchase the equity of a reporting company: Due Diligence: The requirement to submit and update beneficial ownership information within specific timelines necessitates thorough due diligence on behalf of the buyer before acquiring a reporting company.