What is Due Diligence?
Due diligence is a legal concept used to define the verification procedures that must be carried out on a person or a company before signing a contract or a financial agreement. (See “Private detectives are a real asset for performing due diligence”).
Due diligence conducted by a private detective is a thorough and rigorous process aimed at providing a clear and complete picture of the target of the investigation, minimizing risks, and helping the client make informed decisions.
Generally, the following aspects should be verified:
- Financial results
- Taxation
- Cash flow
- Assets and liabilities
- Markets, competitors, and clientele
Who Has the Right to Initiate Such an Investigation?
Any professional has the right to perform due diligence. The goal is to protect against any negative events that could occur once a transaction or contract is executed. Due diligence is thus a voluntary action for an investor who wishes, for example, to undertake verifications on a new partner.
What Are the Possible Actions a Detective Can Take in the Context of Due Diligence?
A private detective is bound by professional secrecy and acts with complete confidentiality in accordance with the code of ethics governing their profession. They will conduct investigations under various aspects. They can thus carry out financial, commercial, environmental, and technical investigations, as well as investigate human resources. Both field and administrative investigations can be conducted.
Why Hire a Private Detective for Due Diligence?
The intervention of a private detective helps prevent any negative events that could occur once a transaction or contract is finalized. The evidence professional will materialize facts that can prove highly useful before any investment or partnership. By collecting the necessary evidence, these can be directly used in a dispute or negotiation.
How Much Does a Private Detective Cost?
In this type of verification, hiring a proof professional has a relatively low cost considering the benefit that can be derived from it. Our service guarantees complete peace of mind during the finalization of the contract, ensuring that your investment is fully protected. The cost will depend on the time spent and the means used for the investigation. Estimates are made on a case-by-case basis. Each case is unique, and particular attention will be given to each request. Packages can also be offered.
For any additional information, do not hesitate to contact our team of professionals (see “Rates“).
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