Companies will often be required to undertake due diligence for external purposes e.g. a sale, merger or capital raising, or for internal “health-check” purposes.
The company will need to collate all material contracts such as financial contracts and charges, customer and supply agreements, leases, employment contracts, permits and authorisations, intellectual property records, insurance documents and minutes and corporate records. These will need to be available in a clear, organised and searchable format.
This can be a time-consuming process, potentially taking several weeks, or even months, to complete. Further, a disorganised due diligence process can add significant cost, and risk, to a transaction.
mycontracts provides a ‘ready-to-go’ live data room with key information and summaries for due diligence purposes (with customisable access for permitted users).