Glossary · People and paperwork
Exhibit
In short
A document or item attached to and referenced within a larger legal agreement, such as a purchase agreement or loan document. Exhibits provide detailed information that supports the main contract without cluttering the primary text.
What it means in a deal
In your acquisition, the LOI and definitive purchase agreement will have numerous Exhibits, like asset lists, financial statements, and lease agreements. These are legally binding parts of the deal. Always review all Exhibits thoroughly as they contain crucial details that define what you're buying and your obligations.
Related terms
Defined by CapBench 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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