Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Due diligence definition

What does Due diligence mean? In legal practice, due diligence describes (1) compliance steps to prevent offences; and (2) pre‑transaction investigation in corporate and finance work. As a statutory defence to many strict‑liability and regulatory offences (for example under the UK Consumer Protection from Unfair Trading Regulations 2008 and the Food Safety Act 1990, and under Ireland’s Consumer Protection Act 2007 and food legislation), it requires the defendant to show that all reasonable precautions were taken and all due diligence was exercised to avoid the commission of the offence. Depending on the statute, this may place a legal or evidential burden on the defendant,...

Employment, workers, directors and contractors due diligence questionnaire for share purchase transactions (Great Britain)

Published by a LexisNexis Employment expert

Precedents

Definitions

CA 2006 means the Companies Act 2006;
Company means [ insert name of target company ] Limited, incorporated in England and Wales under number [ insert company number ];
Director refers to a director of any Group Company, including a shadow or de facto director;
Employee has the meaning in section 230(1) of ERA 1996 as applied to any Group Company;
EqA 2010 means the Equality Act 2010;
ERA 1996 means the Employment Rights Act 1996;
[ Group means the Company and each of the Subsidiaries, and Group Company means any of them; ]
[ Subsidiaries means the subsidiaries of the Company; ]
[ subsidiary means [ a subsidiary as defined by section 1159 of CA 2006 OR a subsidiary undertaking as defined by section 1162 of CA 2006 ]; ]
Contractor denotes any individual working in a Group Company’s business who is neither an Employee nor a Worker;
TUPE 2006 means the Transfer of Undertakings (Protection of Employment) Regulations 2006;
Worker refers to a worker, within section 230(3) of ERA 1996, of any Group Company who is not an Employee...

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Web page updated on 22/05/2026

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