Why is due diligence important?

Be it a straightforward house conveyance to a complex multi-jurisdiction logistics business acquisition, careful preparation and understanding is key to achieving the best outcome. One of the most critical steps in this process is conducting due diligence. By appreciating and understanding what due diligence involves and how it can add value, reduce costs and avoid heartache parties can approach transactions with confidence and clarity.

Completing due diligence is not just about the numbers or value. It necessitates a understanding of the complexity of the transaction at hand and the strategic aim / goals. A pre-transaction due diligence or a transaction subject to due diligence will help a party address the myriad of legal risks and potential impacts these may have on the investment or future value.

Why should you conduct due diligence

Not all transactions are the same and unfortunately not all information is readily provided or disclosed by a party. Undertaking pre-transaction due diligence or making a transaction subject to due diligence offers numerous advantages:

• Reduced delay
• Identifies potential issues / manage identifies risks
• Increases confidence and transparency
• Helps you make informed decisions
• Avoids remorse or future litigation

How can due diligence benefit your transaction

Pre-transaction due diligence or a transaction subject to due diligence adds value by enabling:

• Stronger negotiating position
• Certainty of the deal
• Fewer surprises
• Smoother transition
• Reduces costs

How can Bellco Law help

Undertaking due diligence requires attention to detail and an in-depth knowledge of the process. Working with experienced lawyers, accountants, advisors will always ensure you are prepared. At Bellco Law we have guided countless clients through the conveyance, property, business, corporate journey by undertaking due diligence. If you are considering buying or selling a property, a business, a company then our experienced team of lawyers and conveyancers are here to help you navigate due diligence.