District of Columbia Amended Asset Purchase Agreement between Xerox Corp. and Tektronix, Inc. with Respect to Its Color Printing / Imaging Products Division - Sample

• Category: Corporations - Public - Asset Purchase - Samples
• State: Multi-State
• Control #: US-EG-9177
• Format: Word; Rich Text

Description

Amended Asset Purch. Agr. btwn Xerox Corp. and Tektronix, Inc. with respect to assets of its color printing/imaging products division dated September 22, 1999. 116 pages District of Columbia Amended Asset Purchase Agreement between Xerox Corp. and Tectonic, Inc. with Respect to Its Color Printing / Imaging Products Division — Sample is a legal document that outlines the terms and conditions of the acquisition of the Color Printing / Imaging Products Division by Xerox Corp. from Tectonic, Inc. in the District of Columbia. This agreement is specific to the District of Columbia jurisdiction and is an amended version of the original asset purchase agreement between Xerox Corp. and Tectonic, Inc. The purpose of the amendment is to modify certain terms and provisions of the initial agreement to ensure a smooth transition of the division's assets. The District of Columbia Amended Asset Purchase Agreement covers various aspects, including but not limited to: 1. Parties involved: The agreement clearly identifies Xerox Corp. as the purchaser and Tectonic, Inc. as the seller. It establishes their legal relationship and obligations under the agreement. 2. Asset transfer: The agreement details the specific assets of the Color Printing / Imaging Products Division that will be transferred from Tectonic, Inc. to Xerox Corp. This includes tangible assets such as equipment, inventory, and properties, as well as intangible assets like patents, trademarks, and customer contracts. 3. Purchase price and payment: The agreement stipulates the purchase price for the division's assets and outlines the terms for payment. It may specify a one-time lump sum payment or installment payments over a specified period. 4. Representations and warranties: Both parties provide representations and warranties regarding the accuracy of the information provided, the legality of the transaction, and the ownership of the assets being transferred. These representations and warranties serve to protect the interests of both parties and ensure transparency. 5. Covenants and conditions: The agreement includes covenants and conditions that both Xerox Corp. and Tectonic, Inc. must comply with during the asset transfer process. These may cover obligations related to employee transfers, customer contracts, non-compete agreements, and compliance with applicable laws. 6. Indemnification: The agreement establishes the indemnification provisions, which outline the responsibility of each party to compensate the other for any losses, damages, or liabilities arising from breaches of the agreement or any misrepresentations. 7. Governing law and dispute resolution: This section specifies that the agreement is governed by the laws of the District of Columbia and outlines the procedures for resolving any disputes that may arise between the parties. Different types of District of Columbia Amended Asset Purchase Agreement between Xerox Corp. and Tectonic, Inc. with Respect to Its Color Printing / Imaging Products Division — Samples may include variations in specific clauses based on the nature of the assets being transferred or unique circumstances of the transaction. However, the core elements mentioned above are typically included in all versions of this type of agreement.

District of Columbia Amended Asset Purchase Agreement between Xerox Corp. and Tectonic, Inc. with Respect to Its Color Printing / Imaging Products Division — Sample is a legal document that outlines the terms and conditions of the acquisition of the Color Printing / Imaging Products Division by Xerox Corp. from Tectonic, Inc. in the District of Columbia. This agreement is specific to the District of Columbia jurisdiction and is an amended version of the original asset purchase agreement between Xerox Corp. and Tectonic, Inc. The purpose of the amendment is to modify certain terms and provisions of the initial agreement to ensure a smooth transition of the division's assets. The District of Columbia Amended Asset Purchase Agreement covers various aspects, including but not limited to: 1. Parties involved: The agreement clearly identifies Xerox Corp. as the purchaser and Tectonic, Inc. as the seller. It establishes their legal relationship and obligations under the agreement. 2. Asset transfer: The agreement details the specific assets of the Color Printing / Imaging Products Division that will be transferred from Tectonic, Inc. to Xerox Corp. This includes tangible assets such as equipment, inventory, and properties, as well as intangible assets like patents, trademarks, and customer contracts. 3. Purchase price and payment: The agreement stipulates the purchase price for the division's assets and outlines the terms for payment. It may specify a one-time lump sum payment or installment payments over a specified period. 4. Representations and warranties: Both parties provide representations and warranties regarding the accuracy of the information provided, the legality of the transaction, and the ownership of the assets being transferred. These representations and warranties serve to protect the interests of both parties and ensure transparency. 5. Covenants and conditions: The agreement includes covenants and conditions that both Xerox Corp. and Tectonic, Inc. must comply with during the asset transfer process. These may cover obligations related to employee transfers, customer contracts, non-compete agreements, and compliance with applicable laws. 6. Indemnification: The agreement establishes the indemnification provisions, which outline the responsibility of each party to compensate the other for any losses, damages, or liabilities arising from breaches of the agreement or any misrepresentations. 7. Governing law and dispute resolution: This section specifies that the agreement is governed by the laws of the District of Columbia and outlines the procedures for resolving any disputes that may arise between the parties. Different types of District of Columbia Amended Asset Purchase Agreement between Xerox Corp. and Tectonic, Inc. with Respect to Its Color Printing / Imaging Products Division — Samples may include variations in specific clauses based on the nature of the assets being transferred or unique circumstances of the transaction. However, the core elements mentioned above are typically included in all versions of this type of agreement.