# Transfer Agreement > the transfer agreement entered into by the Parties on or before the date of this Agreement to transfer the Undertaking from the Council to the Mutual; **Term:** Transfer Agreement **Last updated:** 2026-07-29 ## Definition ## What Transfer Agreement Means in a Contract A Transfer Agreement is the instrument that legally documents the movement of an undertaking, business unit, asset, or right from one party to another. In the wording commonly seen in outsourcing and public sector restructuring, it is described as the agreement entered into by the parties on or before the date of the main contract to transfer the undertaking from a council to a mutual. This framing shows that the Transfer Agreement is often a companion document, sitting alongside the primary contract and giving effect to the practical handover of staff, assets, contracts, or services. In practice, the term signals that something is changing hands in a structured, contractually governed way rather than informally. It is the mechanism by which continuity is preserved, obligations are reassigned, and both parties have clarity on what is being transferred, when, and on what conditions. Because the underlying subject matter can vary widely, from a whole business undertaking to specific materials or technology, the label is used across many different template types, including a