Transfer of Undertakings
/ˈtrænsfər əv ˈʌndərˌteɪkɪŋz/
Definitions
- (n.) The legal process by which the rights, obligations, and liabilities of an employer under a contract of employment are transferred to a new employer when a business or undertaking is transferred.
The transfer of undertakings ensured the employees retained their employment rights despite the change in business ownership.
Forms
- transfer of undertakings
Related terms
See also
Commentary
Commonly associated with regulations protecting employee rights during business transfers, especially under the EU Transfer of Undertakings (Protection of Employment) Regulations (TUPE).
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.