{"ok":true,"canonical_url":"https://dealroom.so/glossary/transferability","api_url":"https://dealroom.so/api/public/glossary/transferability","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":"transferability","term":"Transferability","group":"Doing the deal","definition":"This refers to the ability to legally transfer ownership of assets, contracts, or liabilities from the seller to you. It's a key due diligence item in any acquisition.","what_it_means":"During due diligence, confirm that all critical assets like leases, licenses, contracts, and intellectual property can be legally transferred to you. Some contracts may require third-party consent, which can delay or complicate the closing. Address these issues early to avoid surprises.","url":"https://dealroom.so/glossary/transferability","official_sources":[],"related":[{"slug":"due-diligence","term":"Due diligence","url":"https://dealroom.so/glossary/due-diligence"},{"slug":"lease-agreement","term":"Lease agreement","url":"https://dealroom.so/glossary/lease-agreement"},{"slug":"franchise-agreement","term":"Franchise agreement","url":"https://dealroom.so/glossary/franchise-agreement"},{"slug":"asset-purchase","term":"Asset purchase","url":"https://dealroom.so/glossary/asset-purchase"}],"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 — Transferability","url":"https://dealroom.so/glossary/transferability","source_type":"DealRoom Data"}}