Glossary · Doing the deal
In short
This refers to the ability to legally transfer ownership of assets, contracts, or liabilities from the seller to you. It's a key due diligence item in any acquisition.
During due diligence, confirm that all critical assets like leases, licenses, contracts, and intellectual property can be legally transferred to you. Some contracts may require third-party consent, which can delay or complicate the closing. Address these issues early to avoid surprises.
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.
Line up financing while you're under LOI
Tell us the business, the price, and your timeline — we'll match you with lenders who close deals like yours and flag anything that stalls the process.
Free · No documents · Usually same-day