Template for Transition Agreement or Operating Agreement

searcher profile

August 21, 2025

by a searcher from The University of Chicago - Booth School of Business in Chicago, IL, USA

Currently looking for a template for transition agreement or operating agreement if the seller is retained. Does anyone have a template that has worked for them?
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commentor profile
Reply by an intermediary
from University of Texas at Austin in Austin, TX, USA
Please oh please have your lawyer prepare this, and it should be specific to the terms and transaction. There may also be items to consider given your financing or capital as well.
commentor profile
Reply by a lender
from California State University, Sacramento in Seattle, WA, USA
Thanks for the tag Luke. If you're looking for an outline to use for your lender on how the transition plan is going to go, email me as I have some outlines for you. If this is a formal transition plan agreement with the seller, then per ^redacted‌ above, please do involve your attorney. :) redacted
commentor profile
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