diff --git a/lib/constants.js b/lib/constants.js
index 89f73eb..b61470e 100644
--- a/lib/constants.js
+++ b/lib/constants.js
@@ -96,6 +96,8 @@ module.exports = {
     PARAM_METADATA: 'metadata',
     PARAM_DESC_METADATA: 'pNetwork metadata',
     PARAM_CONTRACT_FACTORY: 'factory',
-    PARAM_DESC_CONTRACT_FACTORY: "Contract factory name (e.g. 'EpochsManager')"
+    PARAM_DESC_CONTRACT_FACTORY: "Contract factory name (e.g. 'EpochsManager')",
+    PARAM_NEW_OWNER: 'newOwner',
+    PARAM_DESC_NEW_OWNER: 'New contract owner'
   }
 }
diff --git a/tasks/index.js b/tasks/index.js
index 4f48a60..79a591f 100644
--- a/tasks/index.js
+++ b/tasks/index.js
@@ -12,3 +12,4 @@ require('./get-roles')
 require('./set_permissions')
 require('./upgrade')
 require('./upgrade-safe')
+require('./transfer-ownership')
diff --git a/tasks/transfer-ownership.js b/tasks/transfer-ownership.js
new file mode 100644
index 0000000..775ad14
--- /dev/null
+++ b/tasks/transfer-ownership.js
@@ -0,0 +1,27 @@
+const { Confirm } = require('enquirer')
+const { task } = require('hardhat/config')
+
+const {
+  TASKS: { PARAM_ADDRESS, PARAM_DESC_ADDRESS, PARAM_NEW_OWNER, PARAM_DESC_NEW_OWNER }
+} = require('../lib/constants')
+
+const main = async (_args, _hre) => {
+  const c = await _hre.ethers.getContractAt('Ownable', _args[PARAM_ADDRESS])
+
+  const upgradeConfirm = new Confirm({
+    message: `Transfer ownership of ${_args[PARAM_ADDRESS]} to ${_args[PARAM_NEW_OWNER]}?`
+  })
+
+  if (!(await upgradeConfirm.run())) {
+    console.info('Quitting')
+    return
+  }
+
+  await c.transferOwnership(_args[PARAM_NEW_OWNER])
+  console.info(`✔ Ownership transferred to ${_args[PARAM_NEW_OWNER]}...`)
+}
+
+task('permissions:transfer-ownership', ' Transfer contract ownership to a new owner')
+  .addPositionalParam(PARAM_ADDRESS, PARAM_DESC_ADDRESS)
+  .addPositionalParam(PARAM_NEW_OWNER, PARAM_DESC_NEW_OWNER)
+  .setAction(main)