Document background
The Transition Services Agreement (TSA) is a crucial document used in corporate transactions where one party needs to provide temporary support services to another, typically following a merger, acquisition, or divestiture. Under Irish law, this agreement establishes a formal framework for the provision of essential business services during a transition period, ensuring business continuity while the recipient party develops or acquires its own capabilities. The document addresses key aspects such as service scope, performance standards, costs, data protection (particularly under GDPR), and exit management. It's designed to facilitate a smooth operational transition while protecting both parties' interests and ensuring compliance with Irish and EU regulatory requirements. TSAs are particularly important in complex transactions where immediate separation of all business functions is not feasible.
