Legal Due Diligence · glossary
A diligence report the seller pays for on its own company, often to run a sale with several bidders. Bidders check only what it leaves open, and the winner usually gets a reliance letter from its authors. Chapter 1
Explained in Chapter 1, What Due Diligence Is For, of Legal Due Diligence.
The main page for this term is Vendor due diligence (VDD), in M&A Foundations.
In vendor due diligence (VDD), the seller pays for a report on its own company, often to run a sale with several bidders. Bidders read it and then check only what it leaves open, and the winner usually gets a reliance letter letting it claim against the authors (Chapter 2).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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