{"ok":true,"canonical_url":"https://dealroom.so/glossary/assignee","api_url":"https://dealroom.so/api/public/glossary/assignee","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":"assignee","term":"Assignee","group":"People and paperwork","definition":"The party to whom a right or obligation under a contract is transferred. In a business sale, the buyer is often the assignee of various contracts.","what_it_means":"As the buyer, you will be the assignee of many contracts central to the business's operation, such as customer agreements, supplier contracts, and the lease. Ensure all critical contracts are assignable and that you obtain the necessary consents from third parties. Your legal counsel should review these assignments carefully to avoid future disputes or liabilities.","url":"https://dealroom.so/glossary/assignee","official_sources":[],"related":[{"slug":"purchase-contract","term":"Purchase Contract","url":"https://dealroom.so/glossary/purchase-contract"},{"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"}],"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 — Assignee","url":"https://dealroom.so/glossary/assignee","source_type":"DealRoom Data"}}