Due diligence is the period of time between an accepted offer and closing. The clause we recommend is a clause called "due diligence".We have attached one for you at the bottom of this post and recommend that you take it with you. A Due Diligence clause lets you (a property buyer) cancel a contract for pretty much any reason. Good due diligence consists of a thorough review of the physical, legal and financial risks of a potential investment property before committing to the deal. Could I please message you to ask about your home purchase? And just to be clear, did the inspection clause protect you from losing out on DD? Elevate your property buying skills. Our in-depth Property Due Diligence Guide covers everything you need for a great investment. The entry into the Definitive Agreement and Closing would be subject to Purchaser completing financial and legal due diligence.