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Definitions from the Web

Term: Due Diligence

Description:

Due diligence refers to the careful and thorough examination or research conducted before making a decision or entering into an agreement. It is a process of investigation to ensure that all relevant facts, risks, and potential benefits are considered.

Sample Sentences:

1. Before buying a new car, it is important to perform due diligence by inspecting its condition and researching its market value.
2. The company's legal team conducted due diligence on the potential acquisition, reviewing contracts and financial records.
3. Investors should always conduct due diligence to assess the viability and risks associated with an investment opportunity.
4. Prior to signing the contract, the lawyer advised his client to perform due diligence on the property to uncover any potential legal issues.

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