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Due diligence: Difference between revisions
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Amwelladmin (talk | contribs) (Created page with "===What due diligence is=== Due diligence is a process whereby a counterparty seeks comfort from its contractual counterparts as to the robustness of its operational setup...") |
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===What [[due diligence]] is not=== | ===What [[due diligence]] is not=== | ||
*'''You do due diligence on facts, not legal obligations''': An exercise in asking your counterparty to explain your legal contract to you. You can read that for yourself, or appoint a lawyer to advise you. Your counterparty is not your legal adviser, and in most cases will specifically not be regulated to advise you on your contract (and, being the person on the other side of it, inherently conflicted in giving you that advice). | |||
*It is not an excuse for extracting commercially sensitive confidential information from your counterparty. Don't expect them to hand over all their legal contracts with suppliers. | |||
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