North Dakota Sample Asset Purchase Agreement between Radius Corporation and International Business Machines Corporation — Sample The North Dakota Sample Asset Purchase Agreement between Radius Corporation and International Business Machines Corporation is a legal document that outlines the terms and conditions of the purchase of assets by IBM from Radius Corporation in the state of North Dakota. The agreement is designed to protect the interests of both companies involved in the transaction and ensure a smooth transition of assets. This agreement includes various important clauses and provisions, including the identification of the assets being purchased, purchase price, payment terms, representations and warranties, covenants, conditions precedent, and indemnification obligations. It also addresses employee-related matters, intellectual property rights, and confidentiality provisions. The agreement ensures that all assets transferred from Radius Corporation to IBM are in good condition and free from any liabilities, debts, or encumbrances. It specifies the closing date and the obligations of each party leading up to the closing, such as the delivery of documents, payment of applicable taxes, and any necessary approvals. Additionally, the agreement states that IBM will assume certain contracts and liabilities related to the purchased assets, while Radius Corporation will retain all other assets not included in the transaction. Different types of North Dakota Sample Asset Purchase Agreements between Radius Corporation and International Business Machines Corporation may include variations in terms and conditions based on the specific assets being purchased or negotiated. For example, there may be different agreements for the purchase of software assets, manufacturing assets, or real estate assets. It is important for both parties to thoroughly review and understand the terms outlined in the asset purchase agreement before signing. Legal counsel is often employed to ensure that the agreement is fair and reasonable and that all parties' rights and obligations are clearly defined.