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- Due diligence is the process of investigating a potential deal, investment, or contract to discover all important information and risks123. Due diligence helps businesses make informed decisions, avoid fraud, comply with regulations, and protect their resources and employees12. Due diligence can also refer to the level of care or attention that one would reasonably be expected to take in a situation3. For example, a jury member might perform due diligence by following the judge's instructions4.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Due diligence helps businesses get a full picture of the risks and opportunities surrounding a deal and avoid taking on serious liabilities or doing any harm. It can also prevent businesses from falling victim to fraud. In some instances, due diligence is a legal requirement and businesses do it to adhere to regulations.uk.indeed.com/career-advice/career-development/…The purpose of due diligence is to provide you with a more complete assessment when deciding or entering a contract. The due diligence process serves to ensure that you discover all important information required so you understand the stakes and opportunities.www.indeed.com/career-advice/career-developme…A lawyer referring to the process of investigating a potential merger/investment might say: We need to perform due diligence. There is also business buzzword of "due diligence", derived from the legal meaning to mean the level of care/attention that one would reasonably be expected to take in this situation.english.stackexchange.com/questions/60655/what …
Illustrative Examples on how to use the phrase “Due Diligence”
- The organization’s managers are expected to perform due diligence to protect their employees and the resources of their organization.
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