Transition Agreement Law and Legal Definition

A transition agreement is an agreement by which a contractor agrees to provide service to a company in a transition period, even though the original agreement is discontinued. For instance, when a certain service provided by a service providing company to another party is going to change or discontinue at some time in future the parties through a transition agreement agrees that the providing company will help the other party through the transition period. Generally, a transition agreement is a more general contract that can be used for any service industry.