01 / Pre-deal perspective
A dependency is not a completed decision.
Technology diligence often identifies a shared service or a consent requirement. The next question is harder: what must happen, who can make it happen and what evidence will demonstrate that the receiving business can operate?
A condition precedent (CP) is a matter for the transaction documents and legal advisers. An operational dependency may still need to be resolved even if it is not a CP. Treating every technology issue as a legal condition obscures the delivery work; treating none of them as transaction-critical can leave an important assumption unchallenged.
Build a usable dependency record
For each material service, record its present provider, future owner, required access or transfer, constraints and target date. Connect the record to a decision-maker and the evidence needed to close it. A licence, supplier consent, data responsibility or identity dependency may involve several teams rather than one technical owner.
Keep facts and assumptions separate. “The licence will transfer” is an assumption until the applicable position has been reviewed by the appropriate advisers and supported by evidence. Programme planning should show the effect of that assumption being wrong, including alternatives and sequencing.
Questions before signing or completion
- Which dependencies could change the perimeter, cost or timing of the transaction?
- Which issues require legal, procurement or deal-adviser confirmation?
- Who owns the delivery action, who can approve it and who accepts the evidence?
- What must be escalated if the dependency cannot be resolved by the required date?
The useful result is not a longer risk list. It is a smaller set of explicit decisions supported by accountable actions.
