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An acquisition is defined as a corporate transaction where one company purchases a portion or all of another company's shares or assets. Acquisitions are typically made in order to take control of, and build on, the target company's strengths and capture synergies.
4 Different Types of Contracts Sales Agreements. ... Non-Disclosure Agreements and Intellectual Property Management. ... Professional Service Agreements ? Fixed-Price, Time and Materials, and Retainer-Based Contracts. ... Adhesion Contracts.
In the best-case scenario, a business' existing contract will be freely assignable to a new party. The new party will inherit all of the rights and obligations under the contract. The mere fact that a sale took place is enough to allow for the assignment of a contract.
What is an Acquisition Contract? An acquisition contract used when one company purchases another company. An acquisition contract will include a description of the transactions, representations and warranties, conditions, covenants, termination clauses, and indemnification.
Acquired Contracts Acquired Contract means each Contract entered into by the Seller or any Seller or its Affiliate (other than any Group Company) primarily relating to the Business.