Issues, gaps and DDQs
Raising and reviewing issues, finding what has been requested but not yet received, and raising and sending DDQs.
Issues
Raising and reviewing issues
An issue is a finding that could affect the deal, such as an unsigned shareholders' agreement or a contract that needs consent on a change of control.
Gap analysis
Using gap analysis
Gap analysis shows what you have asked for but not yet received.
DDQs
Raising DDQs
A DDQ (due diligence question) is a single question you send to the other side, usually the seller's lawyers, to fill a gap or clear up something you have found.