[Lai Jiahui Joanne]

There are a few red flags:
1) Non compliance to laws, licenses, IP, tax laws
2) Violations to laws (eg tax evasion)
3) Huge liabilities
4) Litigation

[Cody Eberhardt]

The phrase “don’t ask don’t tell”, when doing due diligence and there is a legal requirement for something with customers but the target company says they customers/partners haven’t asked if we have that so we won’t tell them we don’t.

[Author]

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