With apologies upfront. COVID-19 gremlins caused some sound quality issues in the last segment of this episode. We hope we will be forgiven.
And we get serious this week so you could consider this episode a free training program.
TRANSITIONAL SERVICE AGREEMENTS (TSA's) are legal / financial instruments typically used during carve-outs where certain services (read IT systems, payroll, asset leases, production capacity etc) are provided by the seller, to the buyer for a defined period after deal close.
The goal of both parties is to get the deal completed quickly, so with that intent, it's not unusual that some elements of the business sale can't immediately be transferred but are a necessity to the proper operation of the business. That's where TSA's come in.
Listen as Toby takes us through the step by step approach to the What Where When and How of TSA's
