When a company is ready for sale, the potential buyers need to know and understand in great detail of its financial health report. This term is called vendor legal due diligence, a method that aims to concern all the relevant issues that may be important for the buyers. For that matter, vendors that are selling their company, or parts of it, have to come up with information contains the company’s performances and prospects. In Indonesia––when many of businesses lack transparency––a legal due diligence is very crucial, especially for the sellers (vendors). They should provide the buyers with all the relevant documents, and there is no detail can be lost from the investigation to make it legal-bind. To be more specific, these checklists below will explain in short but clear about the documents themselves.
From the vendors’ perspective, there are significant disadvantages that can be followed by, and one of them is the conflicting and time-consuming requests from the potential buyers. It can bring risk that there will be no any benefit for the company. But, once those necessary and appropriate parts can be used and obtained, the potential buyers can take a conclusion that will lead them into the next act; to decide whether they will up for acquisition or not. But, eventually, the following points above are likely vital since they could avoid losses for both parties. Related Article: Legal Due Diligence Documents Checklists for Vendor in Indonesia
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June 2018
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