{"ok":true,"canonical_url":"https://dealroom.so/glossary/assignable","api_url":"https://dealroom.so/api/public/glossary/assignable","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"assignable","term":"Assignable","group":"Doing the deal","definition":"An assignable contract or asset means its rights and obligations can be transferred to another party. In an acquisition, you'll want key contracts, like the business's lease, to be assignable to you as the buyer.","what_it_means":"When buying a business, you need its critical contracts, like customer agreements, supplier contracts, and especially the commercial lease, to be assignable to your new entity. If not, you might have to renegotiate, which can delay or even derail the deal. Ensure assignment clauses are reviewed during due diligence.","url":"https://dealroom.so/glossary/assignable","official_sources":[],"related":[{"slug":"lease-agreement","term":"Lease agreement","url":"https://dealroom.so/glossary/lease-agreement"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"change-of-ownership","term":"Change of ownership","url":"https://dealroom.so/glossary/change-of-ownership"}],"related_questions":[]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Assignable","url":"https://dealroom.so/glossary/assignable","source_type":"DealRoom Data"}}