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LSDefine

Simple English definitions for legal terms

due diligence

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A quick definition of due diligence:

Term: Due diligence

Definition: Due diligence means being careful and paying attention to something so that you don't get in trouble later. For example, if you want to buy a company, you need to do due diligence to make sure everything is okay with the company. This means checking all the important information and making sure it's true. It's like doing your homework before you buy something or make an important decision.

A more thorough explanation:

Due diligence is the care and attention given to a matter to avoid legal liability. It is not an exhaustive investigation, but rather a reasonable effort to verify information and facts. For example, in a securities offering, parties can avoid fraud liability if they conduct due diligence on the issuer.

When conducting due diligence, audited financial statements are reviewed, and other reasonable investigations are conducted. Due diligence can also refer to investigating a company before a merger or acquisition.

For instance, if a company is considering buying another company, they will conduct due diligence to verify the financial information provided by the seller. This process helps the buyer avoid any potential legal or financial issues that may arise after the acquisition.

In summary, due diligence is a necessary process to ensure that all relevant facts and financial information are verified before making any investment or business decisions.

due care | due diligence defense

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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