Due Diligence is an important process that helps confirm the facts and details of a matter under consideration. By performing due diligence, businesses can avoid making costly mistakes and can gain a better understanding of the risks involved in a potential transaction.The term "due diligence" is also often used to describe the process of investigating a potential employee or contractor. This process can involve checking the individual's references, verifying their education and experience, and conducting a criminal background check.
