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Modify Transportation Services Agreement

Modify Transportation Services Agreement

Aug 6th, 2022

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How to Modify Transportation Services Agreement

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A Transition Service Agreement (TSA) is a contract between the seller and buyer of a business segment, where the seller continues to provide certain services for a fee during a transition period after a spin-off. It is crucial to clearly define costs, service deliverables, and pricing in the TSA. Effective management of TSAs also involves establishing a plan for their eventual termination. Common pitfalls include overly general agreements that fail to address interdependencies among multiple TSAs, potentially leading to contradictions. It is essential to ensure that the TSA includes provisions for addressing these complexities to avoid complications during the transition.

Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is a transportation agreement?

A transport contract is a legally binding contract that deals with freight transportation services such as domestic freight forwarding services, motor carriers, local rail drayage services, domestic water carriers, and others.

What are the elements of transportation contract?

Essential provisions in transportation contracts include service rates, payment terms, performance obligations, damages, best efforts, force majeure, confidentiality, and more.

What is a carrier agreement?

A carrier agreement is a documented promise between a shipper and a carrier that the shipper will use the carriers services in exchange for a discount on those services. A shipper of any size will typically have an agreement with at least one carrier to reduce their shipping costs.

What is a transportation agreement between two parties?

A transport services agreement (TSA) is an arrangement between two parties to provide transportation-related services. It defines the responsibilities of each party and can be used to set out commercial terms, liabilities, performance standards, and penalties for non-performance.

What is the contract between the shipper and carrier called?

A contract of carriage is a negotiated contract between the carrier and shipper for the transportation of cargo.

What is an intercompany services agreement?

An Intercompany Agreement (ICA) is usually a commercial agreement for services, the sale of goods, financing or intangible property made between companies related through ownership, under common control or part of the same group of companies.

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