{"ok":true,"canonical_url":"https://dealroom.so/glossary/enforceability","api_url":"https://dealroom.so/api/public/glossary/enforceability","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":"enforceability","term":"Enforceability","group":"Doing the deal","definition":"This refers to the legal validity of a contract or agreement, ensuring it can be upheld in court. It's crucial for all legal documents in a business acquisition.","what_it_means":"All loan documents, purchase agreements, and collateral agreements must be legally enforceable. Your attorney will review these to ensure they are properly executed and comply with applicable laws. An unenforceable clause could undermine your rights or the lender's security interest.","url":"https://dealroom.so/glossary/enforceability","official_sources":[],"related":[{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"security-interest","term":"Security Interest","url":"https://dealroom.so/glossary/security-interest"},{"slug":"legal-fee","term":"Legal fee","url":"https://dealroom.so/glossary/legal-fee"},{"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 — Enforceability","url":"https://dealroom.so/glossary/enforceability","source_type":"DealRoom Data"}}