Consent and Waiver of Change of Ownership

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This Consent and Waiver of Change of Ownership is for use by a creditor when it must consent to a borrower's acquisition and waive any default provisions it has against the original borrower. This document sets out the specifics of the agreement including the names of all parties and creditor's willingness to consent to both acquisition and waiver. It is imperative that this type of business arrangement be set out in writing.

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This Consent and Waiver of Change of Ownership is between a creditor and borrower in which creditor agrees to consent to acquisition of borrower and to waive any borrower default. This document sets out the specific terms of this arrangement including the names of all parties, the amount of credit extended and creditor’s willingness to consent to borrower’s change of ownership. It is imperative that this Consent and Waiver of Change of Ownership be memorialized in writing in the event there are disagreements or disputes between the parties.

This Consent and Waiver of Change of Ownership includes the following provisions:
  • Borrower/Type of Agreement: Sets out the name of the borrower, the type of credit agreement, name of creditor and amount of credit extended;
  • Party Acquiring Control: The name of the party who has acquired control of all stock of the borrower;
  • Default: Sets out that under the original credit agreement the acquisition of borrower constitutes a default unless prior written consent is obtained from creditor;
  • Consent to Acquisition: Borrower requests that creditor consent to the acquisition and waive any default and creditor agrees to this consent and waiver;
  • Signature: The creditor must date and sign this agreement.

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This attorney-prepared packet contains:
  1. General Instructions
  2. Consent and Waiver of Change of Ownership
State Law Compliance: This form complies with the laws of all states
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
Number of Pages4
DimensionsDesigned for Letter Size (8.5" x 11")
EditableYes (.doc, .wpd and .rtf)
UsageUnlimited number of prints
Product number#28956
This is the content of the form and is provided for your convenience. It is not necessarily what the actual form looks like and does not include the information, instructions and other materials that come with the form you would purchase. An actual sample can also be viewed by clicking on the "Sample Form" near the top left of this page.
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