By Zeeshaan Nordien, Principal at Matthews Folbigg Lawyers in our Commercial Law Group
Due diligence is an integral step in the acquisition of any business, whether the transaction is an asset purchase or a share purchase. If done correctly, due diligence helps mitigate the various commercial, financial and legal risks that a purchaser may otherwise be exposed to when acquiring a business. Due diligence is the process undertaken by the purchaser of a business to perform an assessment of risks and compliance to ensure that the target business is, amongst other things, profitable, compliant with its legal, including contractual, tax and other obligations and operating with appropriate licenses and approvals. [...]