Due Diligence Binding Agreement Date
Count the number of days from the date of the mandatory agreement. This is the inspection period. The deadline is the deadline for completion of inspections. For example, if the contractual date is January 1, 2012 and the contract gives the buyer 21 days for due diligence, the inspection period is 21 days and expires on January 22 – 21 days from January 1. @Jack Walker: You can have a contract/offer date that does not depend on the contract date. The contract commitment date is the date on which the seller signs the offer presented by the buyer. For example, the offer date could be a Monday and the seller accepts and signs on Wednesday. Monday is the offer date and Wednesday is the binding contractual date.