TRANSITION AGREEMENT
A transition agreement is a more general contract that can be used for any service industry. This contract is used when a service providing company is providing a certain service to another party, and that service is going to change or discontinue at some time in the future; the agreement says that the providing company will help the other party through the transition period.
Transition Agreement
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TRANSITION AGREEMENT
This Transition Agreement ("Agreement") is effective as of the __________(“Effective Date”) and made by and between : _______________ (“Company”) and ___________________(“Provider”). RECITALS A. Provider is in the business of providing services such as, but not limited to _____________________________________________________________________. B. Provider and Company are parties to a certain Contractor Agreement (“Original Agreement”) pursuant to which Provider provides services such as _____________________ (“Services”). Pursuant to a change in control event [give any other reason] within Provider‟s organization, Provider shall suspend the provision of Services on ______________(“Suspension Date”) [Mention Date]. C. The parties agree that Company shall require Provider to continue to provide to Company certain Services after the Suspension Date that Provider had been providing to Company before the Suspension Date, in order to support the transition of Company 's business with minimal disruption. NOW, THEREFORE, in consideration of the conditions and covenants contained in this Agreement, the parties agree as follows: 1. Provision of Services. Provider shall provide to Company all services and resources that Provider had been providing to Company under the Original Agreement during the six (6) month period before the Effective Date other than those services set forth in Schedule A. The services to be provided hereunder include, but are not limited to, those services and resources that may be specified in Statements of Work to be attached from time to time to this Agreement executed by the authorized representative of Provider and of Company (the "Services"). Provider jointly and severally represent and warrant to Company that Provider shall provide the Services to Company in a manner substantially consistent with the provision of such services during the 6 months prior to the Effective Date. Any amendments and additions to such Statements of Work shall be made in the form of the „Sample Change of Statement of Work Form‟ and shall become effective when executed by an authorized representative of Provider and of Company . Provider shall jointly authorize a single representative