Virtual and Transitional service agreement: Difference between pages
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''Business acquisitions.'' | |||
(TSA). | |||
A transitional service agreement is an agreement between a seller and a buyer of a business. | |||
Under the transitional service agreement the seller continues to provide specified administrative services to the business after its sale, for a an pre-agreed period at a predetermined price. | |||
Transitional service agreements are useful when the buyer - for example a newer or smaller entity - needs additional time to establish the necessary administrative and back office functions for the acquired business. | |||
Transition service agreements are sometimes known as ''transition'' service agreements. | |||
== See also == | == See also == | ||
* [[ | * [[Acquisition]] | ||
* [[ | * [[Service]] | ||
* [[ | * [[Service agreement]] | ||
* [[ | * [[Services]] | ||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 08:08, 1 February 2024
Business acquisitions.
(TSA).
A transitional service agreement is an agreement between a seller and a buyer of a business.
Under the transitional service agreement the seller continues to provide specified administrative services to the business after its sale, for a an pre-agreed period at a predetermined price.
Transitional service agreements are useful when the buyer - for example a newer or smaller entity - needs additional time to establish the necessary administrative and back office functions for the acquired business.
Transition service agreements are sometimes known as transition service agreements.
