Glossary · Doing the deal
In short
This is the legal process of changing ownership of an asset, like real estate or a vehicle, from the seller to the buyer. It's a critical step in closing an acquisition.
In an asset purchase, you're buying specific assets, and each one with a title (like real estate, vehicles, or intellectual property) must be formally transferred. Work with your attorney and escrow agent to ensure all titles are correctly assigned and recorded to you, the buyer, on closing day.
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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