Legal Due Diligence · glossary
The seller's formal statement of exceptions to its warranties. A matter fairly disclosed cannot found a warranty claim. So when the seller discloses a problem the review has found, the buyer needs another protection, such as a price change or a specific indemnity. Chapter 1 · Chapter 8
Explained in Chapter 1, What Due Diligence Is For, of Legal Due Diligence.
Disclosure is the seller's formal statement of those exceptions. An honest seller must disclose the CBI letter against the anti-money-laundering warranties.Read Chapter 8, Regulatory, Compliance and AML →
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