Due diligence period
In North Carolina, the negotiated window after contract during which the buyer can inspect, arrange financing, and cancel for any reason.
Related
- Due diligence fee: In North Carolina, a payment from buyer to seller for the right to cancel for any reason during the due diligence period. Non-refundable, credited at closing.
- Inspection contingency: A contract term allowing the buyer to inspect and to renegotiate or cancel based on the findings within a set number of days.