Who is responsible for the initial costs, and who is responsible for the due diligence expenses?
Del Castienne always recommends and structures its transactions in such a way that the buyer and seller are equally responsible for the expenses incurred in the successful facilitation of a transaction. Therefore the seller is normally responsible to provide the buyer or financier with detailed and comprehensive documentation pertaining to his business or project opportunity. The aforementioned documentation is required to be compiled by specialists to ensure that it will comply with strict international standards and those of international venture capitalists and investment angels. In return the buyer or financier is normally responsible to pay for any cost or expenses relating to the due diligence process.
