Business Pitch Dictionary by pitch.dog
Regulatory, ethics & conduct compliance · Core

Third-party due diligence

Also called: vendor due diligence

ELI5

Background and risk checks on a supplier, partner, intermediary or acquisition target.

Used in conversation

“Can we state who receives the right created by third-party due diligence, and when it applies?”

Pitch context

You will see “Third-party due diligence” in board papers, contracts, policies, risk registers and compliance reports when the discussion reaches regulatory, ethics & conduct compliance.

Why it matters: In regulatory, ethics & conduct compliance, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 3

Direct term-level sources and supporting source families.