Legal Due Diligence · glossary
A diligence report that covers only findings that could affect the price, need protection or action, or delay the deal. It says nothing about what is fine, so its silence reads as “checked”. It is the usual choice in private deals, and Sunrise used one. Report §1.1 · Chapter 1 · Chapter 3
Explained in Chapter 1, What Due Diligence Is For, of Legal Due Diligence.
Also explained in M&A Foundations.
The Sunrise report is a red-flag report, and it says so in its first paragraph. The other kind, a full-scope report, describes each area in detail. Some lenders and regulators still ask for one, but deal teams usually want decisions rather than description.Read Chapter 1, What Due Diligence Is For →
Chapter 1 and this glossary are open to everyone; the whole edition is free to read with a free account until 31 January, and it stays open to an account opened by then.Chapter 1 of Legal Due Diligence and this glossary are free to read; the rest of the edition is in the Library, at €12 a month or €79 for a Year Pass.
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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 →