Legal Due Diligence

Change of Control

A contract rule that may require notice or permission when business ownership changes. Why it matters: This gives owners a clearer way to understand buyer questions, advisor comments, and negotiation tradeoffs during a sale process.

Related terms

Advisor

A professional who helps with the sale, such as a broker, M&A advisor, CPA, attorney, or investment banker. Why it matters: The right advisor can help prepare materials, explain tradeoffs, manage buyers, reduce surprises, and keep the owner from negotiating complex deal terms alone.

Buyer

The person, company, investor, or fund trying to buy the business. Why it matters: Different buyers value different things, so knowing the buyer type helps an owner understand likely questions, risks, financing needs, and negotiation style.

More from Legal Due Diligence

APA Asset Purchase Agreement Assignment Basket Consent Covenant Definitive Agreement Disclosure Schedule Encumbrance Indemnification Indemnity Cap Lien

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