What is a Dataroom?
A Dataroom is a secure and confidential online portal that is used to hold documents and files that need to be shared with other parties in support of a business transaction.
To ensure that the information uploaded is kept confidential, these documents and files can only be accessed virtually by an invitation sent to authorised third parties. Following completion of the business transaction, the data room documents are downloaded and provided to the relevant party and the invitations are removed.
Our team at HSR Law can help you set up a user-friendly Dataroom. We will ensure that all the documents are organised and that an index is produced to record the contents of the Dataroom.
What is Due Diligence?
Due Diligence is the process of investigating and evaluating a business or assets of a business. The purpose of Due Diligence is to record the position of the Company at the time of the transaction and assess any potential risks and liabilities. It also provides the buyer or investor with the opportunity to become fully familiar with the Company before deciding whether it aligns with their objectives. Due Diligence can cover legal, financial or assets aspects of a business.
We have experience in undertaking legal due diligence in both purchases and sales. We can assist you by highlighting the key aspects, potential risks and liabilities as well as any benefits of the business.
If you are buying a business the due diligence questionnaire needs to be tailored to the business being investigated.
If you are selling a business the replies need to record everything that has been asked to limit risk and liabilities.
We will guide you through the Due Diligence process and will provide you with strategic legal advice based on the findings and information obtained.
Have you ever wanted to just ask a lawyer if they can help you, without worrying about what it may cost to contact them? If so, call HSR Law Solicitors and together we can work out what your next steps might be… in confidence, at no cost and with no obligation. Complete our simple form with your name and contact number and we will call you back to discuss how we can help.
Alternatively, contact Andrew, Jonathan, Clair, Kingsley or Sharnika: our Corporate and Commercial Law specialists.
