Glossary · Doing the deal
In short
This means there's a fair and reasonable exchange of value in a contract or transaction. It's crucial for ensuring the legality and enforceability of agreements.
When structuring your deal, especially with non-competes or consulting agreements, ensure the value exchanged for these promises is clearly documented and considered fair by all parties. This prevents later legal challenges claiming the agreement lacked proper consideration, which could invalidate it.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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