Glossary · Doing the deal
In short
A document signed by a party (like a contractor or supplier) relinquishing their right to place a lien on a property or asset. It ensures the buyer takes assets free of undisclosed claims.
In an asset purchase, especially if there's inventory or equipment involved, your lender may require lien waivers from the seller's major suppliers or creditors. This confirms that those parties won't later claim a right to the assets you're buying. It's a key step to ensure you acquire "clean title" to assets.
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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