Legal Due Diligence · glossary
A small group, often outside advisers only, allowed to see a data room's most sensitive papers, such as customer prices. It reports conclusions to the buyer, not the papers themselves. A data room uses one when buyer and target compete, because competition law limits what rivals may share before completion. Chapter 4
Explained in Chapter 4, The Data Room and the Q&A, of Legal Due Diligence.
The main page for this term is Clean team, in M&A Foundations.
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