Due Diligence Period
/ˈduː ˈdɪlɪdʒəns ˈpɪəriəd/
Definitions
- (n.) A specified timeframe in a contract during which parties investigate and verify facts before finalizing a transaction.
The buyer conducted multiple inspections during the due diligence period before closing the sale.
Forms
- due diligence period
- due diligence periods
Related terms
See also
Commentary
Usually defined with clear start and end dates in contracts to allocate risk and opportunity to investigate before obligation becomes binding.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.