Due diligence, simply put, is an investigation or audit of a potential investment that confirms all material facts in regards to a sale. In layman’s terms, “doing your due diligence” is doing your ’homework” before you buy or enter into a binding agreement. Due diligence generally requires firms research the facts, using the care a reasonable person should, before entering into an agreement or a transaction with another party. Eldor-Wal’s Due Diligence Search enables you to easily conduct a Bank Act search, a search for Notice of Intention, or an Alberta WCB search (or in another jurisdiction), as well as any other due diligence search you need.
To use Eldor-Wal’s Due Diligence Search, enter the information you want to search for into the search criteria fields. You can search a business, an individual, a legal description or Federal Insolvency in the following:
- Bank of Canada
- WCB Search – yields written confirmation that the account of a contractor, subcontractor or vendor is in good standing
- Employment Standards — find out if an employer has any unsatisfied court judgments because it failed to comply with laws that dictate minimum standards of employment for employers and employees in the workplace
- Labour Standards
- Environment - Enforcement
- Dunn & Bradstreet (D&B) – search the D&B database which contains information on over 220 million companies worldwide culled from a variety of sources including public records, trade references, telecommunications providers, newspapers and other publications, phone interviews and other sources