Glossary · Doing the deal
In short
A contract term that dictates whether a party can transfer its rights and obligations to a third party. As a buyer, you need key contracts to be assignable to your new entity.
During due diligence, review all significant contracts (leases, vendor agreements, customer contracts) for assignability. If a contract is not assignable or requires consent, work with the seller to secure that consent before closing to ensure continuity of operations.
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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