Legal Due Diligence
Background
Legal due diligence is a process that allows business purchasers to conduct thorough research and check all legal aspects of a business before formally signing a Business Sale Agreement. This is a necessary process in today's dynamic marketplace as it can unearth hidden details or unforeseen liabilities about the business.
Akin BC's legal due diligence helps buyers make an informed decision before taking any major steps, such as acquiring a business’s assets. The investigation evaluates the legal aspectsof a business from organisational structure, ownership structure to finances. It gives both the buyer and seller the chance to scrutinise any legal risks, such as lawsuits, leases or intellectual property details, before closing the deal.
By understanding the target company and any potential liabilities, both parties can make an informed decision in the transaction, and ensure the target company is accurately evaluated.