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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Tim Luke who wrote (60470)	9/16/1999 6:52:00 PM
From: kathyh	Read Replies (2) of 90042

hi tim... due diligence... the time frame varies greatly from situation to situation... 30 days might be a reasonable time period for a small to medium size business, but it could be longer for more complex situations, such as multiple locations, intellectual properties that make up a great deal of the sale price... basically how much time needs to be spent analyzing the various aspects of the business... price and basic terms will have already been set, in some type of purchase agreement document... the buyer has right to inspect books, physical property, corporate documents, etc... the length of this due diligence period is set in this purchase agreement... buyer usually has some opportunity to get out of the contract if they find evidence of any material misrepresentation, or don't like what they see, again this is all subject to negotiations... and the outs are also part of the agreement... for an extremely complex company, like an exxon, for example, the due diligence period could be several months... fyi, here is a "due diligence" glossary from kpmg... kpmg.ca i am not an attorney or cpa, so someone else on the thread may have more info than i do... but in general the answer is... it depends... <g>

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