Transitional services agreement—intra-group reorganisation

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Transitional services agreement—intra-group reorganisation
  • Background
  • 1 Definitions and interpretation
  • 2 Provision of services
  • 3 Provision of premises
  • 4 Joint responsibilities
  • 5 Price and payment
  • 6 Relationship management
  • 7 Change management
  • 8 Warranties
  • More...

Transitional services agreement—intra-group reorganisation

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), and

    [(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]] [as part of OR by way of] an intra-group reorganisation.

    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] operated by [the Supplier OR [insert seller name, if the Supplier is not the seller]] and all other activities including those ancillary or incidental to or in connection with such business as carried on by [the Supplier OR [insert seller name, if the Supplier

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