{"ok":true,"canonical_url":"https://dealroom.so/glossary/jurisdiction","api_url":"https://dealroom.so/api/public/glossary/jurisdiction","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":"jurisdiction","term":"Jurisdiction","group":"People and paperwork","definition":"This refers to the legal authority of a court or other body to hear and decide cases. It dictates which laws apply and where disputes can be resolved.","what_it_means":"Loan agreements and purchase agreements specify the governing jurisdiction, usually the state where the business operates or the lender is based. This matters for any legal issues or disputes. Ensure the jurisdiction specified aligns with your expectations and is practical for your business location.","url":"https://dealroom.so/glossary/jurisdiction","official_sources":[],"related":[{"slug":"loan-agreement","term":"Loan agreement","url":"https://dealroom.so/glossary/loan-agreement"},{"slug":"ucc-filing","term":"UCC filing","url":"https://dealroom.so/glossary/ucc-filing"},{"slug":"uniform-commercial-code","term":"Uniform Commercial Code","url":"https://dealroom.so/glossary/uniform-commercial-code"},{"slug":"legal-fee","term":"Legal fee","url":"https://dealroom.so/glossary/legal-fee"}],"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 — Jurisdiction","url":"https://dealroom.so/glossary/jurisdiction","source_type":"DealRoom Data"}}