Investigation which is done to take precautionary measures prior to signing a contract is called Due diligence. Due diligence is an act with a certain standard of care. Our expert team has a wide range of experience in dealing with the matters in which precautionary measures should be taken to avoid the disputes between the parties. We assist our corporate clients in dealing with due diligence and convey them the measures which they have to follow before signing a contract or an agreement.
It can be a legal obligation, but the term will more commonly apply to voluntary investigations. The theory behind due diligence holds that performing this type of investigation contributes significantly to informed decision making by enhancing the amount and quality of information available to decision makers and by ensuring that this information is systematically used to deliberate in a reflexive manner on the decision at hand and all its costs, benefits, and risks.