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Due Diligence
2010-01-08Due Diligence is the period negotiated between yourself and the buyer, whereby you allow the buyer to verify the details you have supplied them, leading up to the agreement of a sale price.
It is common for small businesses to allow about 4 weeks for due diligence and buyers have been known to check financial statements, documents and staff during this period.
It is also quite common for their accountant or solicitor to accompany them or to be involved in the process.
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