Due Diligence & Legal
Change of Control Consent
A third-party contractual right requiring a customer, lender, landlord, or licensor's consent before a target's ownership change, absent which the underlying contract may terminate or default.
Seller Example
Promoter of a Chandigarh IT services company proactively approaches the anchor client for change-of-control consent before the buyer even asks, framing the acquisition positively to the client relationship manager — removing a closing bottleneck and preventing the buyer from using an unresolved consent as a last-minute price-renegotiation lever.