What Is Due Diligence?
The Importance and Parameters of Due Diligence
Let’s back up in time and listen to the first face-to-face conversation Jack had with his lawyer about due diligence in connection with Jack’s intended purchase of Leah’s gift card company.
Date: August 24
Place: Office of Jack’s Lawyer
Jack: Thanks for meeting with me. As I told you on the phone, I have an Internet greeting card company and I recently made an offer to purchase ABB, an Internet gift card company that offers customized gift cards from a variety of apparel, jewelry, electronics, appliance, and other large retailers. What makes ABB an interesting company for ...