Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Transitional services agreement definition

What does Transitional services agreement mean? A transitional services agreement (TSA) is a contract used in M&A disposals and carve‑outs to bridge the period after completion when the buyer cannot yet perform certain operational or back‑office functions. The seller continues, for a limited, short‑term period, to provide specified services to maintain business continuity while the buyer establishes its own capability. The term is descriptive rather than defined by legislation or case law; content is negotiated. Common clauses address scope and service levels, pricing (often cost‑plus), duration and exit plan, governance and change control, data protection (UK/EU GDPR), intellectual property and systems access, sub‑contracting and audit,...

Precedent transitional services agreement for intra-group asset purchase with premises licence (England and Wales)

Published by a LexisNexis Corporate expert

Precedents

This Agreement is hereby entered into on [ insert day and month ] 20 [ insert year ]

Parties

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

(A) The Recipient has acquired 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.

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

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Web page updated on 22/05/2026

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