The Oklahoma Bar Journal September 2023

It is strongly recommended that all members of the legal dili gence team review the LOI before beginning the legal due diligence review in order to 1) understand the deal structure and identify the key diligence issues accordingly and 2) control their diligence prog ress to ensure timely completion of the diligence process. serves a role akin to a “control cen ter” in a legal due diligence pro cess. The corporate team is usually the first among the entire transac tion team to have direct coordina tion with the client regarding the client’s diligence needs and con cerns, and it is the corporate team’s responsibility to recommend and bring in the proper legal special ists to assist with the diligence process. The legal specialists rely on the general corporate team to introduce them to the client, gain access to the virtual data room (VDR), where the diligence files are uploaded, and forward relevant diligence files or information to the extent such files or information are The Role of the Corporate Team The general corporate team

Statements or opinions expressed in the Oklahoma Bar Journal are those of the authors and do not necessarily reflect those of the Oklahoma Bar Association, its officers, Board of Governors, Board of Editors or staff.

SEPTEMBER 2023 | 21

THE OKLAHOMA BAR JOURNAL