What do you mean by the trrm Due diligence?

Due diligence refers to the steps taken to ensure compliance with laws and regulations. In mergers and acquisitions, due diligence is the process of thoroughly examining the details of an investment or purchase to ensure all paperwork and documentation is up to date and compliant.
Due diligence is very important before a formal agreement between both parties, paper works and documentation are very necessary yo ensure the credibility of the deal.