Reports identify risk after commercial terms are effectively fixed.
Where this breaks
The buyer then owns a known condition with no retained leverage.
The operating move
Translate each thesis-relevant finding into a precise transaction mechanism and evidence release.
Value object — The operational card
- Condition
- Deal consequence
- Seller obligation
- Validation evidence
The test
Remove the technical language and ask whether the agreement still changes buyer behaviour. If not, the risk was not transferred.