Glossary · People and paperwork
In short
These are contracts outlining the terms under which an entity or individual provides management services to another business. They define responsibilities, compensation, and duration.
In a business acquisition, review any existing management agreements carefully. They can impact the business's ongoing expenses, control, and potential for conflicts of interest. Ensure any such agreements are terminated or restructured appropriately post-acquisition, especially if they involve the seller or their related entities.
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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