Glossary · Doing the deal
In short
A clause in a lease or contract letting you extend its term. For a buyer, this ensures continued access to critical business assets like a prime location or key supplier contracts.
When buying a business, identify all critical leases and contracts. Ensure they include favorable renewal options, or negotiate them if absent, to protect the business's operational stability post-acquisition. Verify the terms and deadlines.
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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