Due diligence

{
  "id": "MLC-T-LAW-001771",
  "term": "Due diligence",
  "field": "Law",
  "definition": "The reasonable steps taken by a person or organization to avoid harm to other persons or their property, or to investigate an issue before entering into an agreement or making a decision. This process involves a thorough investigation of facts and financial records before a transaction, such as a merger or acquisition. It aims to identify potential risks and liabilities.",
  "url": "https://mlchart.com/terminology/law/due-diligence/"
}