diff --git a/README.md b/README.md
index b3f94036..38e1aae8 100644
--- a/README.md
+++ b/README.md
@@ -130,6 +130,11 @@ At times you may need to register additional vault factories for a Geyser.
 yarn hardhat register-vault-factory --network goerli --geyser 0xdD1B3DD2eAB8376963F964B84f0D13DfC206178f --vault-factory 0x5C7bCEA7a607A6FC065B148A4B7F8F18e83b1d27
 ``` 
 
+### Transfer Ownership
+Ownable contracts can be transferred using the following script:
+```
+yarn hardhat transfer-ownership --network goerli --contract 0xdD1B3DD2eAB8376963F964B84f0D13DfC206178f --owner 0xEDBcCA5DfD692bab7656Ab2D4F499B43fA26480B
+```
 
 ## Contribute
 
diff --git a/hardhat.config.ts b/hardhat.config.ts
index 1675974b..cf9e84ee 100644
--- a/hardhat.config.ts
+++ b/hardhat.config.ts
@@ -327,6 +327,18 @@ task('register-vault-factory', 'register a vault factory instance with a Geyser'
     console.log(`Transaction hash: ${res.hash}`);
   })
 
+task('transfer-ownership', 'transfers a contract that implements Ownable to a new owner')
+  .addParam('contract', 'address of Ownable contract')
+  .addParam('owner', 'address of new owner')
+  .setAction(async ({ contract, owner }, { ethers }) => {
+    const ownable = await ethers.getContractAt(
+      '@openzeppelin/contracts/access/Ownable.sol:Ownable',
+      contract,
+    )
+    const res = await ownable.transferOwnership(owner)
+    console.log(`Transaction hash: ${res.hash}`);
+  })
+
 task('lookup-proxy-admin', 'gets the proxy admin of the given contract')
   .addPositionalParam('address', 'the proxy contract address')
   .setAction(async ({ address }, { ethers, run, upgrades, network }) => {