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Due diligence
Due diligenceThe process by which a purchaser of or an investor in a company or business investigates the records of the target to support its value and find out whether there are "skeletons in the cupboard". Professional reports from accountants and solicitors may be included. The due diligence process is covered by confidentiality undertakings and supported by warranties. RELATED TERMS-------------------------------------- Process 1) Practice. So denominated because it proceeds or issues forth in order to bring the defendant into court, to answer the charge preferred against him, and signifies the writ or judicial means by which he is brought to answer. 2) Rights. The means or method of accomplishing a thing. Purchaser contracts. A buyer, a vendee. Company An association of a number of individuals for the purpose of carrying on some legitimate business. Support The right of support is an easement which one man, either by contract or prescription, enjoys, to rest the joists or timbers of his house upon the wall of an adjoining building, owned by another person. Value Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange. Reports Law books, containing a statement of the facts and law of each case which has been decided by the courts; they are generally the most certain proof of the judicial decisions of the courts, and contain the most satisfactory evidence, and the most authoritative and precise application of the rules of the common law. Diligence 1) In Scotland, there are certain forms of law, whereby a creditor endeavors to make good his payment, either by affecting the person of his debtor, or by securing the subjects belonging to him from alienation, or by carrying the property of these subjects to himself. 2) Contracts. The doing things in proper time. Confidentiality Particularly in close trading relationships, giving access to confidential information and trade secrets to trading partners can be dangerous. If you are obliged to disclose sensitive material, you need protection to keep information secret and secure, prevent disclosure to third parties or stop commercial information being used to compete with you. A separate confidentiality agreement or a confidentiality undertaking term in another agreement should address these issues both during and after the relationship. SIMILAR TERMS-------------------------------------- Due process A fundamental principle of fairness in all legal matters, both criminal and civil, especially in the courts. Basic legal procedures set by statute and court practice, which must be followed for each individual so that no prejudicial or unequal treatment will result. The U.S. Constitution guarantees that the government cannot take away a person's basic rights to life, liberty or property, without due process of law. Due process is frequently utilized to control a choice of jurisdiction. Due process of law The right of all persons to receive the guarantees and safeguards of the law and the judicial process. It includes such constitutional requirements as adequate notice, assistance of counsel, and the rights to remain silent, to a speedy and public trial, to an impartial jury, and to confront and secure witnesses. PREVIOUS AND NEXT TERMS-------------------------------------- Dubitante (United Kingdom) Doubting the correctness of the decision. Duces tecum Latin: bring with you. Used most frequently for a species of subpoena (as in "subpoena duces tecum") which seeks not so much the appearance of a person before a court of law, but the surrender of a thing (eg. a document or some other evidence) by its holder, to the court, to serve as evidence in a trial. Ducking-stool Punishment. An instrument used, in dipping women in the water, as a punishment, on conviction of being common scolds. Ducroire This is a French word, which has the same meaning as the Italian phrase del credere. A del credere commission is one under which the agent, in consideration of an additional premium, engages to insure to his principal not only the solvency of the debtor, but the punctual discharge of the debt; and he is liable, in the first instance, without any demand from the debtor. Due What ought to be paid; what may be demanded. Due diligence Due process A fundamental principle of fairness in all legal matters, both criminal and civil, especially in the courts. Basic legal procedures set by statute and court practice, which must be followed for each individual so that no prejudicial or unequal treatment will result. The U.S. Constitution guarantees that the government cannot take away a person's basic rights to life, liberty or property, without due process of law. Due process is frequently utilized to control a choice of jurisdiction. Due process of law The right of all persons to receive the guarantees and safeguards of the law and the judicial process. It includes such constitutional requirements as adequate notice, assistance of counsel, and the rights to remain silent, to a speedy and public trial, to an impartial jury, and to confront and secure witnesses. Due-bill An acknowledgment of a debt, in writing, is so called. Duelling Criminal law. The fighting of two persons, one against the other, at an appointed time and place, upon a precedent quarrel. Duke The title given to those who are in the highest rank of nobility in England. We thank you for using the Juridical Dictionary to search for Due diligence. If you have a better definition for Due diligence than the one presented here, please let us know by making use of the suggest a term option. This definition of Due diligence may be disputed by other professionals. Our attempt is to provide easy definitions on Due diligence and any other medical topic for the public at large.
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