Usually, no.

A Transfer is designed so the existing arrangement can continue with the Buyer replacing the Seller as the client.

The Vendor still decides whether to approve the Buyer, but the service, agreed terms, prepaid value and remaining payments do not need to be restarted simply because the client changes.

You can still require a new agreement, amendment or other document with the Buyer if that is part of your normal contracting process.

The new agreement should have a clear connection to the arrangement being transferred. For example, it may carry forward the relevant transferred terms, refer to the existing arrangement or Deal Specification, or otherwise make clear what the Buyer is taking over.

It should not unintentionally replace the transferred arrangement with an unrelated new booking. The Buyer is paying the Seller for value and arrangements they are acquiring, so the documents with the Vendor should preserve a clear link to that transferred value.

If you have requirements for the new client — including a new-contract fee, transfer fee or other amount the Buyer will need to pay you — make them clear before the Buyer makes an Offer so they can be included in the deal information the Buyer reviews.

There is another option.

Instead of continuing the existing arrangement with a new client, the Vendor can choose to preserve the Seller’s eligible prepaid value as a transferable Voucher or credit.

The Seller can then transfer that Voucher to a Buyer. The Buyer uses the Voucher with the Vendor when making a new booking, in line with the conditions the Vendor has set for that Voucher or credit.

This gives the Vendor a clean new-booking process and full control over the new agreement.

The trade-off is that only the prepaid value is being transferred. Existing arrangements such as a reserved date, agreed services, terms or planning already completed may no longer carry over and may need to be agreed again.

Only the Vendor can issue or agree to a transferable Voucher or credit and define the conditions for using it. A Seller cannot turn an existing Vendor contract into a Voucher on their own.

With a Contract Transfer, the existing arrangement continues with the Buyer replacing the Seller as the client.

This is usually the simpler option where the Vendor wants to preserve the existing date, services, terms, payments or other work that has already been agreed. The Vendor can still require a new agreement with the Buyer, provided that agreement remains clearly connected to the arrangement being transferred.

With a Voucher, the original arrangement does not continue in the same way. The transferable value is preserved, but the Buyer makes a new booking with the Vendor.

This can be useful where the Vendor prefers or requires a completely new booking, but it normally means more administrative work and some of the event arrangements or work already completed may need to be agreed again.

When a Seller invites you, review the existing arrangement and decide which approach fits your service:

If you require a new agreement, fee or other condition for the replacement client, make sure it is included in the deal information before the Buyer makes an Offer.

If the information shown in your Vendor Invite does not correctly reflect your requirements, use Request changes and ask the Seller to correct it before you accept the invite.