Purchase Agreement: Due Diligence Condition | Practical Law

Purchase Agreement: Due Diligence Condition | Practical Law

Also known as a due diligence out, this is a closing condition that permits the buyer not to close an acquisition if it is not satisfied with the results of its due diligence investigation of the target company or business. This provision can be used in connection with a private stock purchase, asset purchase, or merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.

Purchase Agreement: Due Diligence Condition

Practical Law Standard Clauses w-001-0169 (Approx. 4 pages)

Purchase Agreement: Due Diligence Condition

by Practical Law Corporate & Securities
MaintainedUSA (National/Federal)
Also known as a due diligence out, this is a closing condition that permits the buyer not to close an acquisition if it is not satisfied with the results of its due diligence investigation of the target company or business. This provision can be used in connection with a private stock purchase, asset purchase, or merger. This Standard Clause has integrated notes with important explanations and drafting and negotiating tips.