Transition Services Agreement
/ˈtrænzɪʃən ˈsɜrvɪsɪz əˈɡriːmənt/
Definitions
- (n.) A contract between parties, typically in mergers or acquisitions, where one party agrees to provide transitional support services to the other for a specified period.
The buyer and seller signed a Transition Services Agreement to ensure uninterrupted IT support after closing.
Forms
- transition services agreement
- transition services agreements
Related terms
See also
Commentary
Typically used in M&A contexts, this agreement outlines interim services one party provides to the other, facilitating operational continuity during ownership transfer.
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.