Legal Due Diligence · glossary
The written list of what a review covers: the legal areas, the countries, the materiality line and the shape of the report. It is agreed with the client before the reading starts. Anything left out must be stated in the report. Report §2.1 · Chapter 3
Explained in Chapter 3, Scoping the Exercise, of Legal Due Diligence.
Scope is the written list of what a diligence review covers. It names the legal areas, the countries, the money line below which the review stays silent, and the shape of the report. On Project Sunrise, Atlas agreed it with its lawyers, Blackwood & Steel, six days before the data room opened. Anything outside the scope is safely outside only if the report says so.Read Chapter 3, Scoping the Exercise →
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