{"id":360493,"date":"2013-01-28T16:34:14","date_gmt":"2013-01-28T21:34:14","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-law\/dictionary\/definition\/due-diligence.html"},"modified":"2013-01-28T16:34:14","modified_gmt":"2013-01-28T21:34:14","slug":"due-diligence","status":"publish","type":"dictionary","link":"https:\/\/dictionary.findlaw.com\/definition\/due-diligence.html","title":{"rendered":"Due Diligence"},"content":{"rendered":"\n<div class=\"fl-index-heading\">\n    <p>term:<\/p>\n    <h1 class=\"fl-h1 fl-mb20\"><\/h1>\n\n    <dl class=\"fl-index-heading-description-list\">\n            <dt class=\"fl-mb10\"><p class=\"fl-text-bold\">n<\/p><\/dt>\n        <dd><p><b>1<\/b>  <b>:<\/b> such diligence as a reasonable person under the same circumstances would use <br \/>  <b>:<\/b> use of reasonable but not necessarily exhaustive efforts called also <i>reasonable diligence<\/i> <i>NOTE: <i>Due diligence<\/i> is used most often in connection with the performance of a professional or fiduciary duty, or with regard to proceeding with a court action. <i>Due care<\/i> is used more often in connection with general tort actions. <\/i> <br \/>  <b>2 a<\/b>  <b>:<\/b> the care that a prudent person might be expected to exercise in the examination and evaluation of risks affecting a business transaction <br \/>  <b>b<\/b>  <b>:<\/b> the process of investigation carried on usually by a disinterested third party (as an accounting or law firm) on behalf of a party contemplating a business transaction (as a corporate acquisition or merger, loan of finances, or esp. purchase of securities) for the purpose of providing information with which to evaluate the advantages and risks involved &#91;the greatest exposure&#8230;for failure to conduct adequate <i>due diligence<\/i> arises in the context of public offerings of securities &#8220;G. M. Lawrence&#8221;&#93; <br \/>  <b>c<\/b>  <b>:<\/b> the defense (as to a lawsuit) that due diligence was conducted <\/p>\n<\/dd>\n<\/dl>\n    <div class=\"fl-index-heading-source\">Source: Merriam-Webster&#8217;s Dictionary of Law \u00a91996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>What is &#8216;Due Diligence&#8217;? Learn more about legal terms and the law at FindLaw.com<\/p>\n","protected":false},"parent":358119,"menu_order":0,"template":"app\/Http\/Controllers\/Templates\/DictionaryArticleController.php","meta":{"_acf_changed":false,"_stopmodifiedupdate":false,"_modified_date":"","_autodraft_ids":[],"_cloudinary_featured_overwrite":false,"_sb_is_suggestion_mode":false,"_sb_show_suggestion_boards":false,"_sb_show_comment_boards":false,"_sb_suggestion_history":"","_sb_update_block_changes":"","_is_real_time_mode":false,"_realtime_collaborators":"","cf_checklist_status":[]},"dictionary_tags":[],"class_list":["post-360493","dictionary","type-dictionary","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary\/360493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary"}],"about":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/types\/dictionary"}],"up":[{"embeddable":true,"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary\/358119"}],"wp:attachment":[{"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/media?parent=360493"}],"wp:term":[{"taxonomy":"dictionary_tags","embeddable":true,"href":"https:\/\/dictionary.findlaw.com\/law-api\/wp-json\/wp\/v2\/dictionary_tags?post=360493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}