Business Address
Law Office of Randall A. Fischer P.A. At Stuart

2100 SE Ocean Blvd #203, Stuart,
Martin, Florida 34996
Phone: (772) 463-7737

Randall A. Fischer, P.A.

725 SE Port St Lucie Blvd #206, Port St. Lucie
St. Lucie, Florida 34984-5232
Phone: (772) 463-7738

Randall A. Fischer, P.A. Law Office At Jupiter

1080 East Indiantown Road #104
Jupiter, Florida 33477
Phone: (561) 316-7111

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What does “Due Diligence” mean?

What does “Due Diligence” mean?

Due Diligence is a standard of care a reasonable person would undertake to avoid harm, damage or liability when undertaking an action, whether it be investing in a business or, for that matter, making a career change.  It is not an absolute standard, but is an extremely important consideration when making big decisions.

When deciding whether or not to invest in or enter into a business or real estate venture, it is important to conduct due diligence to determine whether you investment is sound.  Take the time to understand the structure of the deal, the individuals involved, the assets in place or at risk, the plan or strategy of the venture, be able to isolate the risk/reward associated with the venture.  Don’t allow your investment of time, money, or effort result in sheer folly.  Find out as much as possible before you make your decision.  Do not let your ego talk you into making a bad decision.  Take your time and if there isn’t time, don’t take the deal.  You may miss-out, but at least you will not lose out.

Many opportunities may appear extremely good on the surface, but there can be many issues lurking behind the deal that are not readily apparent.  An example would be purchasing a piece of prime real estate.  Although on the surface, the property may be sound, issues regarding previous uses, building materials, subsurface anomalies, environmental issues, proximity to other environmental issues and potential impact on the subject investment, recorded and unrecorded liens, easements and encroachments, zoning and other restrictions could turn the opportunity into a nightmare.  When evaluating the overall real estate venture it would be very important to incorporate the costs associated with investigating these and any other considerations into the overall investment.  Once weighed, the investor is now in a better position to make an informed decision.  This is true for any major decision.

Due diligence is important.  Take the time to know what you are getting involved in and consult with experts.  It is important to discuss your venture with a lawyer.  A lawyer familiar with these potential pitfalls can assist you and help you avoid these potential issues before they germinate into a lawsuit after the fact.

If you live in Stuart FL, Port St. Lucie FL, or Jupiter FL, and need a lawyer, please give me a call.

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