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Frequently Asked Questions

How do I calculate the due diligence period in Georgia?

To calculate the due diligence period in Georgia, you must look at a copy of your Purchase and Sale Agreement. You will find a section called Binding Agreement Date. This is the date that is used for determining all deadlines within the contract.

When does count time begin for due diligence?

Counting time begins at the time of final contract acceptance. Is due diligence in business days? Day one of the due diligence period begins the next business day after the contract is accepted. A business day is considered as starting at 8 a.m. and ending at 7:59 a.m. the next day.

What is the ten business day due diligence period?

The Ten Business Day Due Diligence Paragraph 9A of the Central Carolina Realtors Association contract says that the buyer will have a ten (10) Business Day Due Diligence Period beginning at the time of final Contract acceptance to conduct any inspection, examination and testing the buyer desires.

What are the costs of due diligence?

Costs of Due Diligence. The costs of undergoing a due diligence process depend on the scope and duration of the effort, which depends heavily on the complexity of the target company. Costs associated with due diligence are an easily justifiable expense compared to the risks associated with failing to conduct due diligence.

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