Legal Briefing

With business, it’s vitally important to get both appropriate and trustworthy legal advice. This can range from something as simple as mediating an internal dispute to understanding how to proceed if you find yourself in a tricky legal battle. Northamptonshire offers a number of fantastic legal advisory teams, giving you the peace of mind that you’ll have support if and when you need it.

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1st November 2019

The importance of due diligence

By Andrea Smith

Franklins Solicitors

WHEN you decide to buy a business, the first thing that you need to do is evaluate what you are purchasing - both the good (assets) and the bad (liabilities).

The Due Diligence (DD) process is the pathway for you to:

* Obtain information about the company - is it a good deal or not?

* Get a feel for what conditions and warranties you need going forward;

* Assess the appropriate corporate structures (to acquire and for the target) and put those in place;