Virtual Data Room (VDR)
Definition - What does Virtual Data Room (VDR) mean?
Divestopedia explains Virtual Data Room (VDR)
- They show that the seller is prepared;
- They limit the cost and effort to compile the information in large binders with multiple copies;
- They may limit the number of questions that the due diligence process may generate; and
- They can be accessed by multiple parties from multiple access points and can be replicated easily for another buyer if the original buyer falls through.