A Certificate of Interested Persons and Corporate Disclosure Statement (CIP) is a document that discloses any potential conflicts of interest that may arise in a transaction. It is typically used in the context of mergers and acquisitions and other corporate transactions, such as public-private partnerships (PPP). Caps are important for ensuring that all parties involved in a transaction are aware of any potential conflicts of interest and can make informed decisions about the transaction. There are two types of Caps: the first is a Certificate of Interested Persons, which discloses details about the persons or entities involved in a transaction. This includes information such as ownership interests, board memberships, and other financial interests that could influence the outcome of the transaction. The second is a Corporate Disclosure Statement, which discloses any potential conflicts of interest that could arise from corporate transactions. This includes information about the company’s financial condition, any potential transactions, and any other matters that could have an impact on the transaction. Caps are an important part of the due diligence process and are used to ensure that all parties involved in a transaction are aware of any potential conflicts of interest. It is important for all parties involved to be aware of any potential conflicts of interest and to make informed decisions about the transaction.