Transitional services agreement—private M&A—asset purchase


Published by a UUÂãÁÄÖ±²¥ Corporate expert
Precedents

Transitional services agreement—private M&A—asset purchase


Published by a UUÂãÁÄÖ±²¥ Corporate expert

Precedents
imgtext

This Agreement is made on [insert day and month] 20 [insert year]

Parties

  1. 1

    [Insert name of party] incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Supplier), and

  1. 2

    [Insert name of party] incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Recipient),

    [(each of the Supplier and the Recipient being a Party and together the Supplier and the Recipient are the Parties).]

BACKGROUND

    1. (A)

      The Recipient has purchased the Business from [the Supplier OR [insert seller name, if the Supplier is not the seller]].

    1. (B)

      The Supplier has agreed to provide certain services to the Recipient on the terms and conditions of this Agreement to assist the Recipient with certain transitional matters following the sale of the Business.

The parties agree:

    1. 1

      Definitions and interpretation

      1. 1.1

        In this Agreement unless the context otherwise requires:

        Business

        1. •

          means the business of [insert description of the business which is the subject of the acquisition]

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Transitional services agreement definition
What does Transitional services agreement mean?

Arrangements under a transitional agreement'>services agreement are put in place to provide for an efficient handover of the operations of the business being sold by the seller so as to maintain the status quo, in circumstances where the buyer is not fully equipped or in a position to undertake all of the services required to support the business immediately following completion.

Read more

Popular documents

Do you have an asset transfer agreement which relates to a sole trader incorporating his business?

Do you have an asset transfer agreement which relates to a sole trader incorporating his business?An individual may decide to carry on business in his or her personal capacity (known as a 'sole trader'). Whilst this means that the sole trader has complete control over the business and has few

Guarantee and indemnity—seller obligations—private M&A—asset purchase

Guarantee and indemnity—seller obligations—private M&A—asset purchaseThis Deed is made on [insert day and month] 20[insert year]Parties1[insert name of guarantor entity] [of OR a company incorporated in [England and Wales] under number [insert registered number] whose registered office is at]

Warranties and indemnities—asset purchase

Warranties and indemnities—asset purchaseAn asset purchase agreement will typically include warranties and indemnities given by a seller in favour of a buyer.Why we need warranties and indemnitiesThe starting point for a buyer in any asset purchase transaction is the maxim caveat emptor (let the

Transitional services agreement—private M&A—asset purchase

Transitional services agreement—private M&A—asset purchaseThis Agreement is made on [insert day and month] 20 [insert year]Parties1[Insert name of party] incorporated in England and Wales with registered number [insert company number] whose registered office is at [insert address] (the Supplier),