Glossary · Doing the deal
In short
This refers to taking over an existing obligation or contract from the seller, like a lease or a debt. It means you become responsible for its terms.
In an asset purchase, you generally don't assume the seller's liabilities, but you might assume certain contracts like a favorable lease. Carefully review any assumed obligations, as they impact your future cash flow and operational responsibilities.
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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