Glossary · Doing the deal
In short
An assignable contract or asset means its rights and obligations can be transferred to another party. In an acquisition, you'll want key contracts, like the business's lease, to be assignable to you as the buyer.
When buying a business, you need its critical contracts, like customer agreements, supplier contracts, and especially the commercial lease, to be assignable to your new entity. If not, you might have to renegotiate, which can delay or even derail the deal. Ensure assignment clauses are reviewed during due diligence.
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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