{"ok":true,"canonical_url":"https://dealroom.so/glossary/veto-power","api_url":"https://dealroom.so/api/public/glossary/veto-power","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":"veto-power","term":"Veto Power","group":"Doing the deal","definition":"Veto power is the ability of a party to block certain business decisions, even if they're a minority owner. This directly impacts your control over the business you're buying.","what_it_means":"In an acquisition, especially if you're not buying 100% or if there are existing shareholder agreements, understand who holds veto power. It can limit your operational freedom and strategic choices post-acquisition. Identify all parties with such power during due diligence.","url":"https://dealroom.so/glossary/veto-power","official_sources":[],"related":[{"slug":"right-of-first-refusal","term":"Right of First Refusal","url":"https://dealroom.so/glossary/right-of-first-refusal"},{"slug":"formal-amendment","term":"Formal Amendment","url":"https://dealroom.so/glossary/formal-amendment"},{"slug":"partnership","term":"Partnership","url":"https://dealroom.so/glossary/partnership"}],"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 — Veto Power","url":"https://dealroom.so/glossary/veto-power","source_type":"DealRoom Data"}}