{
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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/due-diligence-promises",
 "identifier": "kaal:entity:due-diligence-promises",
 "name": "Due diligence promises",
 "termCode": "due-diligence-promises",
 "inDefinedTermSet": {
  "@id": "https://wulfkaal.github.io/entities/index.json"
 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
 "dateModified": "2026-07-29",
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2811718-023",
   "identifier": "kaal:claim:2811718-023",
   "text": "As a contractual matter, due diligence promises made in a brochure, on a website, or in a contract with investors must be in writing to be enforceable.",
   "abstract": "Finally, as a contractual matter, due diligence promises (in a brochure, website, contract with investors, etc.) must be in writing in order for them to be enforceable.",
   "citation": "Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718",
   "datePublished": "2016",
   "claim_type": "condition",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "contract claims",
    "Statute of Frauds as applied in South Cherry Street"
   ],
   "source_pdf_sha256": "b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2811718-030",
   "identifier": "kaal:claim:2811718-030",
   "text": "Funds that promise due diligence with no intention of actually carrying it out violate federal securities laws rather than merely breaching a contract.",
   "abstract": "but it has been held that funds that promise due diligence and yet have no intention of actually carrying it out are violating federal securities laws rather than breaching basic contracts.",
   "citation": "Wulf A. Kaal, Private Fund Investor Due Diligence – Evidence from 1995 to 2015 (2016). SSRN: https://ssrn.com/abstract=2811718",
   "datePublished": "2016",
   "claim_type": "condition",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "In re J.P. Jeanneret Associates",
    "promises made without intent to perform"
   ],
   "source_pdf_sha256": "b52152af561288173840a1cabbcf8f4b337e73507c856ee01600799073f4156f",
   "status": "current"
  }
 ],
 "description": "2 claims in the published works of Wulf A. Kaal carry the concept tag 'due-diligence-promises'. Derived node: a roster, not an adjudicated definition."
}