Direct answer
A Transfer is the process by which a Seller passes an agreed event opportunity to a Buyer so the Buyer can take over the relevant event arrangements, prepaid value and remaining obligations.
The Transfer is subject to the approval of the relevant Vendors. It does not automatically move a Vendor’s service to a new client without that Vendor’s agreement.
What is being transferred?
Depending on the event, the Transfer can include:
existing Vendor services and arrangements;
the applicable Vendor terms;
prepaid deposits or other amounts already paid by the Seller;
and the Buyer’s responsibility for amounts that remain payable to the Vendors.
The exact deal baseline is recorded in the Deal Specification.
Why this matters
The Seller may no longer be able to use an event they have already spent time and money preparing.
A Transfer gives another Buyer the opportunity to take over that prepared value instead of starting from scratch, while keeping the relevant Vendors in control of their own services and approval.
Does a Transfer automatically revive or assign every existing agreement?
No.
A Transfer only proceeds where the required parties agree to it. The platform coordinates and documents the Transfer, but it does not currently become a party to the underlying Vendor agreements.
What to do next
If you are a Seller, start by describing the event arrangements and inviting the relevant Vendors to confirm their participation.
If you are a Buyer, review the opportunity in the DealRoom and the Deal Specification before deciding whether to make an Offer.