Enumerate the important things that one should take cognizance for Pre-diligence and during Due Diligence process from the corporate viewpoint.

Pre Diligence A Pre diligence is primarily the activity, which includes the management of paper, files and people by: Signing the Letter of Intent (LOI) and the Non-Disclosure Agreement (NDA)/ Engagement letter. Receipt of documents from the company and review of the same with the checklist of documents already supplied to the company. Identifying the issues. Organising the papers required for a diligence. Creating a data room. Some of the important things that one should take cognizance of from the corporate view point for pre-diligence and during due diligence are the following: Do not delay deadlines (leads to suspicion). Mark each module of the checklist provided for separately. In case some issues are not applicable spell it out as "Not Applicable". In case some issues cannot be resolved immediately, admit it. Put a single point contact to oversee the process of diligence. Keep a register, to track people coming in and going out. An overview on the placement of files. Introduction to the point person. During due diligence During the diligence, care should be taken to adhere to certain hospitality issues, like: Be warm and receptive to the professionals who are conducting diligence. Enquire on the Due Diligence team. Join them for lunch. Ensure good supply of refreshments. In case of any corrections - admit and rectify.