Glossary · Doing the deal
In short
A contract where one party agrees to compensate another for certain losses or damages. This protects you from financial repercussions caused by issues arising from the seller's period of ownership.
This agreement is critical. It defines what the seller will cover if problems emerge post-closing that relate to their time owning the business, like undisclosed liabilities or tax issues. Negotiate indemnification carefully to ensure adequate protection and survival periods.
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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