Additional Enquiries From Covid 19 Risk For Legal Due Diligence (Asset Purchases)
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Jurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🩹 Due diligence enquiriesBusiness activity
Conduct legal due diligenceDue diligence enquiries are a series of questions or requests for information that are typically made by a potential buyer to a seller, in order to gain a better understanding of the target company or asset. The due diligence process can cover a wide range of topics, including financials, legal, environmental, and more.
Given the unprecedented impact of the Covid-19 outbreak, this template highlights the need for buyers to go beyond standard due diligence procedures and conduct additional inquiries to evaluate and mitigate the risks associated with the pandemic. It emphasizes the importance of thoroughly examining the target assets to identify any Covid-19-related liabilities that could potentially impact the transaction or the buyer's ability to effectively manage and operate the acquired assets going forward.
The template likely includes a thorough checklist of items that should be considered during the due diligence process, such as reviewing agreements, contracts, and insurance policies for potential Covid-19-related provisions. It may also provide guidance on investigating the target company's compliance with relevant health and safety regulations, pandemic response plans, and the effectiveness of risk management measures taken in light of the pandemic. Furthermore, the template may cover inquiries relating to the target company's financial resilience, the impact of Covid-19 on its revenue streams, and any government assistance or relief programs it has benefited from.
By employing this legal template, buyers can ensure that their due diligence efforts encompass the unique risks and challenges posed by the Covid-19 pandemic, enabling them to make informed decisions and negotiate appropriate safeguards and warranties in the asset purchase agreement. Ultimately, the template seeks to minimize potential liabilities and uncertainties arising from the pandemic, while protecting the buyer's interests and ensuring a successful acquisition under UK law.
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