Legal Due Diligence · glossary
Reading the biggest contracts in full and a random draw of the rest, then saying so in the report. The random part tests whether the unread contracts really are standard. If a sampled contract breaks the pattern, the team reads more. Chapter 5
Explained in Chapter 5, The Request List and the Review, of Legal Due Diligence.
Some groups of documents are too large to read in full, so the review takes a sample and says so. Sampling in diligence usually means the biggest contracts plus a random draw. On Sunrise the team read the top ten customer agreements in full (report §4.4). Then it drew a random sample from the rest, which were meant to be on standard terms.Read Chapter 5, The Request List and the Review →
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