Transitional Service Agreements (TSA): Here’s Everything You Need To Know
Transitional Service Agreements (TSAs) are a crucial part of the merger and acquisition process and are used when an organi z ation is sold to another company. They are designed agreements to bridge the gap between the closing of the deal and the complete transfer of services or operations from the seller to the buyer without interrupting the continuity of operations. In this blog, we’ll understand what TSA is and what its benefits are. What are Transitional Service Agreements? A transitional service agreement ( TSA ) is an agreement made between buyer and seller companies so that the purchasing company might receive a set of services from the selling company for a certain amount of time to minimi z e disruptions in the workflow. These services could be anything from hiring HR services to financial ones. TSA has become a popular option for the buyer to get operational support from the purchasing company. A TSA is immensely helpful in outlining the condition...