Due diligence is the process of systematically researching and verifying the accuracy of a statement. In compliance, due diligence describes the degree of effort required by law or industry standard. In real estate, due diligence is the time period between the acceptance of an offer and the close of escrow. In civil law, due diligence is synonymous with "reasonable care." When a patent is issued, due diligence is the requirement that the patent holder should develop a product around the patent, and not just prevent others from doing so.
Diligence is a term used for a number of concepts involving either a background of a business or a person prior to signing a contract. A common example of due diligence in various industries is the process through which a potential acquirer or a person who wants to do business evaluates a target company or its assets for acquisition.
Impact Intelligence Services can assist the corporate by providing timely business decision information for mergers and acquisitions throughout the Country.