Due Diligence E-Guide - ipad mockup
A LPP LAW FREE RESOURCE : E-GUIDES

Legal Guide on Due Diligence

Learn all about the detailed examination of a company and its financial records, done before becoming involved in a business arrangement with it.

Topics in the e-Guide

  • Meaning of Due Diligence

  • Types of Due Diligence

  • Legal Due Diligence

  • Financial/Tax Due Diligence

  • Commercial/Technical Due Diligence

  • Operational/Environmental Due Diligence

  • Process of Legal Due Diligence

Abstract

Due Diligence (DD) is extremely important as the potential buyer must know exactly what he is buying and paying for before he closes the deal. The results from a DD exercise may affect the bargaining power and pricing of the deal. The information gathered from a DD exercise will also help to negate or reduce transactional risks.

Responsibilities of Executor:

  • Apply for and extract the grant of probate.
  • Make arrangements for the funeral of the deceased.
  • Collect and make an accurate inventory of the deceased’s assets.
  • Settling the debts and obligations of the deceased.
  • Distributing the assets.

Note for Digital Executor:
If you wish to leave your digital assets to certain people in your Will, there are important steps that need to be taken to ensure that your wishes can be carried out:

  • Keep a note of specific instructions on how to access your username and password of your digital asset.
  • You are advised to store these private and confidential information in a USB stick, password management tool or write them down.
  • Please inform your executor or a trusted person of the whereabouts of the tools so that they will have access to your digital asset.