Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample

• Category: Corporations - Public - Asset Purchase - Samples
• State: Multi-State
• Control #: US-EG-9333
• Format: Word; Rich Text

Description

Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation dated December 29, 1999. 4 pages. Title: Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation — Sample Description: The Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation serves as a legal document outlining the terms and conditions for the acquisition of certain assets by Centennial Technologies, Inc. from Intel Corporation. This detailed description will provide insight into the different types of asset purchase agreements in Arizona and highlight the key aspects covered in the sample agreement. Types of Arizona Sample Asset Purchase Agreements: 1. Intellectual Property Asset Purchase Agreement: This type of agreement specifically focuses on the acquisition of intellectual property assets, including patents, trademarks, copyrights, trade secrets, and other related rights. It outlines the transfer of ownership and any associated restrictions or licenses involved. 2. Real Estate Asset Purchase Agreement: In cases where a company intends to acquire real estate properties, this type of agreement is utilized. It addresses the terms and conditions for the purchase, including property description, purchase price, closing conditions, and any due diligence processes. 3. Business Asset Purchase Agreement: When a company aims to acquire the entire business or substantial assets of another entity, a business asset purchase agreement is employed. This agreement covers various aspects such as financial terms, assets to be transferred, liabilities, representations and warranties, indemnification, and any post-closing obligations. Key Elements covered in the Arizona Sample Asset Purchase Agreement: 1. Parties Involved: The agreement identifies Centennial Technologies, Inc. (the buyer) and Intel Corporation (the seller) as the primary parties involved in the transaction. 2. Asset Description: This section provides a detailed list and description of the assets to be purchased, including intellectual property rights, facilities, equipment, inventory, contracts, licenses, and any other relevant assets. 3. Purchase Price: The agreement outlines the agreed-upon purchase price or the method to determine it, along with any payment terms, adjustments, or contingencies. 4. Assumption of Liabilities: It specifies whether Centennial Technologies, Inc. will assume any of Intel Corporation's liabilities, such as debts, warranties, or legal obligations. 5. Representations and Warranties: Both parties provide statements and assurances about the accuracy of the information provided. This assures that the assets are being sold as described, and there are no hidden problems or liabilities. 6. Closing Conditions: This section outlines the conditions that must be fulfilled before the closing of the transaction, such as regulatory approvals, third-party consents, and the fulfillment of any prerequisites. 7. Governing Law and Jurisdiction: The agreement mentions that it is governed by the laws of Arizona and specifies the appropriate jurisdiction for resolving any disputes that may arise. Remember, while this description provides an overview of a sample asset purchase agreement, it is crucial to consult with legal professionals to ensure compliance with Arizona state laws, as well as to tailor the agreement to meet the specific requirements of the involved parties.

Title: Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation — Sample Description: The Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation serves as a legal document outlining the terms and conditions for the acquisition of certain assets by Centennial Technologies, Inc. from Intel Corporation. This detailed description will provide insight into the different types of asset purchase agreements in Arizona and highlight the key aspects covered in the sample agreement. Types of Arizona Sample Asset Purchase Agreements: 1. Intellectual Property Asset Purchase Agreement: This type of agreement specifically focuses on the acquisition of intellectual property assets, including patents, trademarks, copyrights, trade secrets, and other related rights. It outlines the transfer of ownership and any associated restrictions or licenses involved. 2. Real Estate Asset Purchase Agreement: In cases where a company intends to acquire real estate properties, this type of agreement is utilized. It addresses the terms and conditions for the purchase, including property description, purchase price, closing conditions, and any due diligence processes. 3. Business Asset Purchase Agreement: When a company aims to acquire the entire business or substantial assets of another entity, a business asset purchase agreement is employed. This agreement covers various aspects such as financial terms, assets to be transferred, liabilities, representations and warranties, indemnification, and any post-closing obligations. Key Elements covered in the Arizona Sample Asset Purchase Agreement: 1. Parties Involved: The agreement identifies Centennial Technologies, Inc. (the buyer) and Intel Corporation (the seller) as the primary parties involved in the transaction. 2. Asset Description: This section provides a detailed list and description of the assets to be purchased, including intellectual property rights, facilities, equipment, inventory, contracts, licenses, and any other relevant assets. 3. Purchase Price: The agreement outlines the agreed-upon purchase price or the method to determine it, along with any payment terms, adjustments, or contingencies. 4. Assumption of Liabilities: It specifies whether Centennial Technologies, Inc. will assume any of Intel Corporation's liabilities, such as debts, warranties, or legal obligations. 5. Representations and Warranties: Both parties provide statements and assurances about the accuracy of the information provided. This assures that the assets are being sold as described, and there are no hidden problems or liabilities. 6. Closing Conditions: This section outlines the conditions that must be fulfilled before the closing of the transaction, such as regulatory approvals, third-party consents, and the fulfillment of any prerequisites. 7. Governing Law and Jurisdiction: The agreement mentions that it is governed by the laws of Arizona and specifies the appropriate jurisdiction for resolving any disputes that may arise. Remember, while this description provides an overview of a sample asset purchase agreement, it is crucial to consult with legal professionals to ensure compliance with Arizona state laws, as well as to tailor the agreement to meet the specific requirements of the involved parties.