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Contract Transition means the assignment of a Customer contract from one party to the other party, where such assignment is effective on the later of the date specified in the contract or on a Customer's Migration Date for any Customers who needs to be Migrated.
A Transition Service Agreement (TSA) is an agrement between buyer and seller companies (or divested entities) in which one entity provides services and support (i.e., IT, finance, HR, real estate, payroll, etc.) to another after the closure of a divestiture to ensure business continuity.
What is a Transition Agreement? A transition agreement is a contract that allows two or more parties to terminate their relationship through an organized process. This type of agreement can be the best option for businesses looking to end a partnership, whether it's with employees, vendors, or customers. Transition Agreement: Definition & Sample - Contracts Counsel Contracts Counsel ? transition-agreem... Contracts Counsel ? transition-agreem...
TSAs are used when an organization, or part of an organization, is sold to another company. After the sale, the selling company provides a set of services to the purchasing company for a determined period of time, often about six months, to ensure an orderly administrative transition.
Contract Transition Period means the 90-day (or less) period between Notice to Proceed and Contract Effective Date. Contract Transition Period Definition: 153 Samples - Law Insider lawinsider.com ? dictionary ? contract-transi... lawinsider.com ? dictionary ? contract-transi...
Contract transition can be a period of high-risk depending on the complexity of the contract and should be considered during the planning stage of procurement. Transition in and transition out obligations may be required when: commencing a new contract. transitioning a contract from one supplier to another.