{"ok":true,"canonical_url":"https://dealroom.so/glossary/assumption","api_url":"https://dealroom.so/api/public/glossary/assumption","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":"assumption","term":"Assumption","group":"Doing the deal","definition":"This refers to taking over an existing obligation or contract from the seller, like a lease or a debt. It means you become responsible for its terms.","what_it_means":"In an asset purchase, you generally don't assume the seller's liabilities, but you might assume certain contracts like a favorable lease. Carefully review any assumed obligations, as they impact your future cash flow and operational responsibilities.","url":"https://dealroom.so/glossary/assumption","official_sources":[],"related":[{"slug":"lease-agreement","term":"Lease agreement","url":"https://dealroom.so/glossary/lease-agreement"},{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"},{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"liability","term":"Liability","url":"https://dealroom.so/glossary/liability"}],"related_questions":[{"question":"Can a buyer's assumption of existing business debt count as part of the equity injection?","url":"https://dealroom.so/sba-7a/questions/can-a-buyer-s-assumption-of-existing-business-debt-count-as-part-of-the-equity-injection"}]},"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 — Assumption","url":"https://dealroom.so/glossary/assumption","source_type":"DealRoom Data"}}