@SudarshanS, The procedure is the same for an app or an add-on. Just follow the online guides. Transferring ownership is basically a legal agreement between you and the company that says "You own this now", and could be as simple as an email with the app/add-on attached. The license you used (developer) to build the app/add-on does not transfer with the intellectual property. An end-user will need their own Splunk license, so you don't have to worry about that. Once you hand over the app/add-on to XYZ company, they can create a splunkbase account and upload the app to maintain it.
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