For most sellers the due diligence process is stressful and demanding. Due diligence is often the most stressful part of any deal, for both buyer and seller. Knowing what to expect can greatly reduce that stress, make the process go more quickly, and also reduce the possibility of a renegotiation or cancellation from the buyer.How important is due diligence?
Due diligence is important because there's a caveat emptor principle that suffuses most of contract law. In other words, it's mostly the buyer’s responsibility to ascertain the quality of the thing being bought.