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Transition services agreement, seller to buyer after a business transfer or share sale

Fills 2 places in the document.

Fills 2 places in the document.

Transition services schedule and migration tracker

For the transfer itself use the catalogue's "Business transfer as a going concern, recitals and operative clause, with the ITC-02 covering letter" or "Share purchase agreement, sale of a controlling stake in a private company, locked box with escrow"; for a long-term service use the "Outsourcing services agreement". The "Transition services schedule and migration tracker" is the working copy of Schedules 1, 4 and 5.

TRANSITION SERVICES AGREEMENT

THIS TRANSITION SERVICES AGREEMENT is made at [place of execution] on [Date of this Agreement].

Between

[Name of the Seller], a company incorporated under the Companies Act [2013 / 1956], having its registered office at [registered office address of the Seller], CIN [CIN of the Seller], PAN [PAN of the Seller], GSTIN [GSTIN of the Seller], acting through [name and designation of the Seller's signatory], authorised by a resolution of its Board of Directors dated [date of the Seller's board resolution] (the "Seller"), of the ONE PART;

And

[Name of the Buyer], a company incorporated under the Companies Act [2013 / 1956], having its registered office at [registered office address of the Buyer], CIN [CIN of the Buyer], PAN [PAN of the Buyer], GSTIN [GSTIN of the Buyer], acting through [name and designation of the Buyer's signatory], authorised by a resolution of its Board of Directors dated [date of the Buyer's board resolution] (the "Buyer"), of the OTHER PART.

The Seller and the Buyer are each a "Party" and together the "Parties".

Whereas

A. Option A (business transfer). By a business transfer agreement dated [Date of the Transaction Agreement] (the "Transaction Agreement"), the Seller transferred to the Buyer, as a going concern, its business of [description of the Business] (the "Business"), and completion took place on [Closing Date] (the "Closing Date").

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₹1,399 + GST, for the finished 2 documents, Word and PDF

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A drafted format for your use. It is not legal advice; for a complex matter, consult a professional. About this format

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