Conducting due diligence provides you with the insights needed to make well-informed decisions. As the adage goes, time spent in reconnaissance is seldom wasted. Understanding the risks means a company can take steps to mitigate them and choose the right course of action. It can reveal hidden liabilities and financial irregularities so that you have the right firepower to negotiate more favourable terms, pricing or conditions based on a contract. Due diligence also plays a crucial role in valuing intangible assets accurately and minimising the chances of unpleasant surprises or setbacks that could hinder your objectives.