Glossary · Doing the deal
In short
A contract for advisory or professional services provided by an individual or firm. Buyers often negotiate a consulting agreement with the seller post-closing for a transition period.
A seller's consulting agreement can ensure a smooth handover, client introductions, and knowledge transfer after the sale. Clearly define the scope, duration, and compensation. This is often separate from an earnout or seller note, focusing purely on transition support.
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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