ABC Due Diligence Definition | Law Insider (2024)

  • Due Diligence At any time prior to the Closing Date, the Underwriters have the right to inspect the Asset Files and the related loan origination procedures and to confirm the existence of the related manufactured homes or mortgaged properties to ensure conformity with the Final Prospectus and the Prospectus Supplement.

  • Due Diligence Period has the meaning set forth in Section 4.1(a).

  • Due Diligence Review means the performance by Buyer of any or all of the reviews permitted under Section 44 hereof with respect to any or all of the Loans or Seller or related parties, as desired by Buyer from time to time.

  • Due Diligence Fee means a payment of an annual fee equal to $800 due upon the date of this Agreement and $500 due upon each anniversary thereof so long as any Advance is outstanding or available hereunder.

  • professional diligence means the standard of skill and care that a Member would be reasonably expected to exercise towards a Client, commensurate with-

  • Due Diligence Examination shall have the meaning set forth in Section 3.2.

  • Due Diligence Request means the due diligence request letter from Xxxxxxx and Xxxxxx LLP, counsel to the Purchasers, dated July 25, 2018.

  • Due Diligence Materials means the information to be provided by Seller to Purchaser pursuant to the provisions of Section 4.1 hereof.

  • Due Diligence Information means any information supplied to the Supplier by or on behalf of the Customer prior to the Call Off Commencement Date;

  • Due Diligence Service Provider As defined in Section 12.13(l) of this Agreement.

  • Background investigation means the investigation conducted by a licensee or applicant to support the determination of trustworthiness and reliability.

  • Investigations The Xxxxxxx, when requested by one or a number of employees whom he/she represents, may investigate the basis for any dispute arising under this Agreement and may, at any stage, assist the employee(s) in seeking resolution of such dispute through the grievance procedure provided herein. A representative of the Union may substitute in place of the Xxxxxxx.

  • Investigation means a process conducted for the purpose of accident and incident prevention which includes the gathering and analysis of information, the drawing of conclusions, including the determination of causes and, when appropriate, the making of safety recommendations;

  • Complaint Investigation means an investigation of any complaint that has been made to a proper authority that is not covered by an abuse investigation.

  • Site investigation means the collection and evaluation of data adequate to determine whether or not discharged contaminants exist at a site or have migrated or are migrating from the site at levels in excess of the applicable remediation standards. A site investigation shall be developed based upon the information collected pursuant to the preliminary assessment;

  • Abuse Investigation and Protective Services means reporting and investigation activities as required by OAR 407-045-0300 and any subsequent services or supports necessary to prevent further abuse as required by OAR 407-045-0310.

  • Inspections has the meaning set forth in Section 4.1.2.

  • clinical investigation means any systematic investigation in one or more human subjects, undertaken to assess the safety or performance of a device;

  • Review means a financial or operational audit, investigation, inspection or other form of review requested or required by the LHIN under the terms of LHSIA or this Agreement, but does not include the annual audit of the HSP’s financial statements;

  • Agent Parties has the meaning specified in Section 10.02(c).

  • Coal preparation plant means a facility where coal is crushed, screened, sized, cleaned, dried, or otherwise prepared and loaded for transit to a consuming facility. “Coal preparation plant associated areas” means the coal preparation plant yards, immediate access roads, coal refuse piles, and coal storage piles and facilities. “Coal preparation plant water circuit means all pipes, channels, basins, tanks, and all other structures and equipment that convey, contain, treat, or process any water that is used in coal preparation processes within a coal preparation plant.

  • Reasonable suspicion means a basis for forming a belief based on specific facts and rational inferences drawn from those facts.

  • Interim Monitor means any monitor appointed pursuant to Paragraph III of this Order or Paragraph III of the related Order to Maintain Assets.

  • Best Knowledge means both what a Person knew as well as what the Person should have known had the Person exercised reasonable diligence. When used with respect to a Person other than a natural person, the term "Best Knowledge" shall include matters that are known to the directors and officers of the Person.

  • Instrumental activities of daily living (IADL) means routine activities performed around the home or in the community and includes the following:

  • Joint Know-How has the meaning set forth in Section 8.1.2.

  • ABC Due Diligence Definition | Law Insider (2024)

    FAQs

    ABC Due Diligence Definition | Law Insider? ›

    ABC Due Diligence means an Anti Bribery and Corruption due diligence review to be performed by Company to its satisfaction as and when required, based on information provided by Seller and research of public and other accessible information.

    What is the legal definition of due diligence? ›

    1. law : the care that a reasonable person exercises to avoid harm to other persons or their property. failed to exercise due diligence in trying to prevent the accident.

    What is due diligence in simple words? ›

    What Is Due Diligence? Due diligence is an investigation, audit, or review performed to confirm facts or details of a matter under consideration. In the financial world, due diligence requires an examination of financial records before entering into a proposed transaction with another party.

    What are the three principles of due diligence? ›

    Below, we take a closer look at the three elements that comprise human rights due diligence – identify and assess, prevent and mitigate and account –, quoting from the Guiding Principles.

    What is an example of due diligence in law? ›

    Examples of legal due diligence are careful examination of all material contracts, including partnership agreements, licensing agreements, guarantees, and loan and bank financing agreements. Protect yourself from critical risk in your next transaction.

    What is due diligence in law enforcement? ›

    In criminal law, due diligence is the only available defense to a crime that is one of strict liability (i.e., a crime that only requires an actus reus and no mens rea). Once the criminal offence is proven, the defendant must prove on balance that they did everything possible to prevent the act from happening.

    What is the main purpose of due diligence? ›

    The due diligence process allows an acquirer to identify and assess risks, liabilities and business problems in the target company before finalizing the transaction, potentially avoiding losses and bad press later on.

    What is a due diligence checklist? ›

    A due diligence checklist is a way to analyze a company that you are acquiring through a sale or merger. In the context of an M&A transaction, “due diligence” describes a thorough and methodical investigation and assessment.

    What is due diligence and its importance? ›

    Legal due diligence is the process of collecting legal documents and information about a company. To ensure that the acquiring entity does not face any legal difficulties after the acquisition, it is essential to check all the legal documents, compliance with all the laws, and payment of shares for minimal legal risk.

    What are the 4 P's of due diligence? ›

    Intangible Factors. In addition to the four key principles of people, performance, philosophy, and process, four intangible factors can also play a role in manager selection: passion, perspective, purpose, and progress.

    What is another word for due diligence? ›

    Due Diligence Synonyms

    Analysis, assessment, audit, examination, review, survey, verification, investigation.

    What is the legal component of due diligence? ›

    Legal due diligence is the process of collecting and assessing all of the legal documents and information relating to the target company. It gives both the buyer and seller the chance to scrutinize any legal risks, such as lawsuits or intellectual property details, before closing the deal.

    What is a strategic due diligence? ›

    Strategic due diligence is a critical process for assessing the value and risks of a potential merger or acquisition (M&A). It involves analyzing the strategic fit, market dynamics, competitive position, and financial performance of the target company and the combined entity.

    What are the key features of due diligence? ›

    Due diligence involves ongoing communication

    It enables the enterprise to build trust in its actions and decision-making, and demonstrate good faith. An enterprise should account for how it identifies and addresses actual or potential adverse impacts and should communicate accordingly.

    What is due diligence in Black's Law Dictionary? ›

    Definition & Citations:

    Such a measure of prudence, activity, or assiduity, as is properly to be expected from, and ordinarily exercised by, a reasonable and prudent man under the particular circ*mstances; not measured by any absolute standard, but depending on the relative facts of the special case.

    What is another term for due diligence? ›

    Due Diligence Synonyms

    Analysis, assessment, audit, examination, review, survey, verification, investigation.

    What are the factors to be considered while conducting due diligence? ›

    This will include finances, sales figures, customer data, ownership of assets, personnel records, and customer data. Keep in mind that some proprietary information may be staged for later in the due diligence process when it's warranted by the seriousness of your intent.

    What is diligence in contract law? ›

    In a contractual context, due diligence is your research and investigation of a business counterparty before entering into a contract with them. Due diligence is an initial step to gather information and help manage contract risks.

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