Legal Due Diligence · glossary

Data room (virtual data room, VDR)

A secure website where the seller puts the documents for a deal. The seller's side decides who sees what, and the site logs every upload and view with its date. Sunrise's room held 1,247 documents in twelve folders. Report Appendix A · Chapter 2 · Chapter 4

Explained in Chapter 2, The Cast and the Setup, of Legal Due Diligence.

Also explained in M&A Foundations (Data room and Virtual data room (VDR)).

How it comes up, in Chapter 2
Everything passes between the two teams through one formal channel. Documents go into the data room, an online library of the target's papers that the seller's side builds. Questions go through the Q&A, a written log of questions and answers.
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Related terms

Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Legal Due Diligence → · All terms A–Z →