| Commentary

209 Buyer’s enquiries generally

| Commentary

209 Buyer’s enquiries generally

It is obvious from the above that the buyer will want as much information as possible in advance of entering into the acquisition agreement. The more thorough the buyer’s due diligence enquiries are, the more likely they are to prompt disclosure of potential danger areas or lead to the confirmation of the buyer’s assumptions about the business, perhaps through a warranty accepted or qualified by the seller. In his search for information, the buyer, or someone on his behalf, will commonly carry out the following investigations and enquiries.

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