Legal Due Diligence Reports

• Discussion of the transaction, entity or legal issue to be examined and the purpose of the proposed report.
• Review of the documents and information within an agreed legal due diligence scope.
• Identification of questions, missing information and matters that may require further clarification before a decision.

An initial consultation should establish the subject of the review, access to records, the expected report format and the boundaries of the instruction. Discuss any proposed signing date and the information still outstanding. A legal due diligence report should be understood in the context of the agreed scope and the material available; it should not be presented as a guarantee that every commercial risk has been eliminated.

Prepare an outline of the proposed transaction, the parties involved and the decision the report is intended to support. Bring available company particulars, relevant agreements, property documents and existing correspondence or reports. Identify which documents have been supplied by the other party and which are still awaited. If particular contracts, disputes, approvals or obligations concern you, list them so the review can address the intended priorities.

• ✓Existing DocumentsRelevant agreements, applications, notices and records concerning legal due diligence reports.
• ✓Supporting InformationCorrespondence, identification details and any documents referred to in your initial discussion.
• ✓Chronology and PrioritiesKey dates, steps already taken, outstanding concerns and the assistance you wish to discuss.