It is essential to identify and evaluate the assets involved in the business acquisition. This includes obtaining a detailed spec sheet of all the assets included in the deal and their corresponding value. For businesses involving intellectual property, it is crucial to confirm the ownership of brand names, trademarks, and patents. Additionally, it is necessary to assess how intellectual property is captured and protected, especially in scientific, technological, or research-intensive fields. Conducting due diligence on the assets involved safeguards the business’s most valuable resources and protects against potential legal disputes.