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The due diligence process involves a legal, financial, and strategic review of all of the seller's documents, contractual relationships, operating history, and organizational structure. Due diligence is not just a process; it is also a reality test--a test of whether the factors that are driving the deal and making it look attractive to the parties are real or illusory. Due diligence is not a quest to find the deal breakers; it is a test of the value proposition underlying the transaction to make sure that the inside of the house is as attractive as the outside.