Buying or Selling a Small Business Term - "Right Of Assignment"

When Selling A Business - What Does Right of Assignment mean?


Right of Assignment - in relation to business premises, is a right given in the lease agreement for a tenant to assign the lease to another tenant when the business is sold.

Small Business Buying/Selling Term - 'Amortize'

Small Business Buying/Selling Term Definition


AMORTIZE is the gradual process of writing off the cost of an asset, or paying off a liability by means of a sinking fund, over a period of time.

The period of time over which the loan will be amortized, usually expressed in months.
To write off an expenditure for (office equipment, for example) by prorating over a certain period.

Small Business Buying or Selling Term - 'VALUATION'

Valuation is the process of appraising the worth/value of property according to some recognised criteria .

A Business Valuation is often sourced from a Business Broker but this is not the only option and can be a costly exercise, however necessary.

Whether you have engaged a business broker or not, it is always wise to have the business valuation calculated by a third party.

By keeping this critical element at arm's length, you will never have to second guess the motivations of your business broker

If you do not wish to engage a business broker, you have an accurate alternative with the business valuation software tool.