Glossary · People and paperwork
In short
A formal contract outlining the terms and conditions between the business and its suppliers for goods or services. You need to review these to understand costs, delivery schedules, and termination clauses.
During due diligence, review all significant supplier agreements. Pay attention to pricing, payment terms, minimum order quantities, and contract duration. Ensure there are no clauses that allow the supplier to terminate the agreement upon a change of ownership, or that would make it difficult for you to renegotiate favorable terms 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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