Seller consulting agreement template / transition period guidance

searcher profile

January 08, 2024

by a searcher from Harvard University - Harvard Business School

Does anyone have a seller consulting agreement template that they would be willing to share? Seeking to get a sense on "market" terms for period of time the owner would work on the transition as a part of the acquisition price, and compensation terms after that initial transition period (inclusive of any incentives or similar). Happy to share compiled information if I am able to obtain it. Thanks in advance!

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commentor profile
Reply by a professional
from The Johns Hopkins University in Basking Ridge, NJ 07920, USA
Unfortunately, there is no "market" as there is a blurred line between true consulting and transition work versus a secondary bucket to reclassify purchase price. If it is truly consulting, the should be fairly straightforward - though recognize that restrictions on length/term/conditions may exist from lenders (particularly SBA). Happy to discuss offline if of interest.
commentor profile
Reply by a searcher
from Harvard University
Hi Christian, thank you very much! Sent you a DM to connect
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