"Due diligence" is a term used for a number of concepts involving either an investigation of a business or person prior to signing a contract, or an act with a certain standard of care. It can be a legal obligation, but the term will more commonly apply to voluntary investigations. A common example of due diligence in various industries is the process through which a potential acquirer evaluates a target company or its assets for acquisition.
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Famous quotes containing the words due and/or diligence:
“As a rule, all heroism is due to a lack of reflection, and thus it is necessary to maintain a mass of imbeciles. If they once understand themselves the ruling men will be lost.”
—Ernest Renan (1823–1892)
“The Service without Hope
Is tenderest, I think—
...
There is no Diligence like that
That knows not an Until—”
—Emily Dickinson (1831–1886)