Assess whether IP is owned or merely licensed (ef8b89)

Situation

The Separation and Integration desk packet is regulatory-approval critical-path calendar after a customer who just sent a non-renewal. Carve-out separation lead in a PE platform evaluating a founder-led SaaS add-on must name IP is owned or Merely licensed for this M&A Due Diligence file. Carve-out separation lead in a PE platform evaluating a founder-led SaaS add-on has to name IP is owned or Merely licensed for this M&A Due Diligence Separation and Integration file.

Decision

Carve-out separation lead in a PE platform evaluating a founder-led SaaS add-on must choose IP is owned / Merely licensed using regulatory-approval critical-path calendar after a customer who just sent a non-renewal.

Hypotheses to test

• Regulatory-approval critical-path calendar reads as IP is owned once a customer who just sent a non-renewal is lined up to the same M&A Due Diligence population.
• Regulatory-approval critical-path calendar is closer to Merely licensed after a customer who just sent a non-renewal; IP is owned would over-claim this Separation and Integration extract.
• A dual reading is still live in regulatory-approval critical-path calendar for carve-out separation lead in a PE platform evaluating a founder-led SaaS add-on.
• Regulatory-approval critical-path calendar is missing the fact carve-out separation lead needs after a customer who just sent a non-renewal; stop this M&A Due Diligence close.

Analysis required

• Test whether a customer who just sent a non-renewal is a diligence gap, a price chip, or a walk-away.
• Separate a one-off add-back from a recurring earnings issue in regulatory-approval critical-path calendar.
• Map reps, earnout mechanics, and integration risk a PE platform evaluating a founder-led SaaS add-on would inherit.
• For this M&A Due Diligence Separation and Integration file, read regulatory-approval critical-path calendar against a customer who just sent a non-renewal and write the one fact that would move IP is owned or merely licensed for carve-out separation lead.

Recommendation

Choose IP is owned / Merely licensed on this M&A Due Diligence / Separation and Integration packet (regulatory-approval critical-path calendar after a customer who just sent a non-renewal). If regulatory-approval critical-path calendar cannot force a M&A Due Diligence label under Separation and Integration, stop. If regulatory-approval critical-path calendar after a customer who just sent a non-renewal cannot support IP is owned versus Merely licensed on this M&A Due Diligence Separation and Integration close, carve-out separation lead must do not proceed, reprice, or walk on a quality-of-earnings fact the packet does not carry.