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Office 365 Admin Account?

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Have a user that we setup Office 365 Exchange plan 1 email for 15 users. 

We are wanting to let them go not a good client and will leave it at that.

They have found another vendor to take over there stuff.

My question is we are the partner for the O365 account and our CC was billed each month how do i switch this over to the new company have the new company create a new account in O365 and then let them transfer the 15 mailboxes over or what??

Thanks in advance


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