Diligence, in legal terms, refers to the careful and persistent effort made by a party to fulfil their legal obligations or to exercise their rights. It involves attentiveness, thoroughness, and promptness in carrying out tasks or responsibilities, such as conducting legal research, preparing documents, or meeting court deadlines. Diligence is essential in various legal contexts, including contract performance, litigation, due diligence in business transactions, and compliance with regulatory requirements. Failure to exercise diligence can result in legal consequences such as breach of contract, negligence, or adverse rulings in court proceedings.
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This glossary post was last updated: 29th March 2024.
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