82,387
edits
Due diligence: Difference between revisions
Jump to navigation
Jump to search
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 7: | Line 7: | ||
*'''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). | *'''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. | *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. | ||
===What [[due diligence]] ''definitely'' is not=== | |||
Ever to be referred to as “[[due dilly]]”. | |||