Glossary · Doing the deal
In short
This is the process of thoroughly reviewing all legal aspects of a business, including contracts, permits, intellectual property, and potential litigation. It aims to identify legal risks and liabilities.
Your attorney conducts legal due diligence to ensure the business is legally sound, all agreements are transferable, and there are no hidden legal problems. This protects you from inheriting legal disputes or unforeseen obligations post-acquisition.
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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