Local Asset Transfer Agreement between Savvis Communications Corporation and Bridge Information Systems, Inc. regarding the transfer of certain assets, liabilities, rights and obligations dated 00/00. 6 pages.
The North Dakota Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. pertains to the transfer of specific assets and liabilities between the two companies. This agreement outlines the terms and conditions under which these transfers will occur, ensuring a smooth transition and legal compliance. The following are some key aspects and types of this agreement: 1. Asset Transfer: The agreement covers the transfer of tangible and intangible assets from Savvies Communications Corp. to Bridge Information Systems, Inc. These assets may include but are not limited to equipment, software, intellectual property rights, customer contracts, licenses, patents, trademarks, and copyrights. 2. Liability Transfer: The agreement defines the transfer of certain liabilities from Savvies Communications Corp. to Bridge Information Systems, Inc. These liabilities may encompass financial obligations, debts, legal claims, contractual commitments, pending lawsuits, and any other obligations that may have been incurred by Savvies Communications Corp. during its operations. 3. Financial Terms: The agreement specifies the financial considerations associated with the transfer. It covers the valuation of the assets being transferred, the purchase price or compensation to be paid by Bridge Information Systems, Inc. to Savvies Communications Corp., and any other financial arrangements necessary to execute the transfer. 4. Governing Law: The agreement identifies the jurisdiction (North Dakota) whose laws will govern the interpretation, validity, and enforcement of the agreement. It ensures that both parties adhere to the specific legal requirements and regulations of North Dakota during the transfer process. 5. Confidentiality and Non-Disclosure: This type of agreement may include provisions that safeguard the confidentiality of sensitive information. It may impose restrictions on Bridge Information Systems, Inc. regarding the disclosure, use, and dissemination of any proprietary or confidential information obtained from Savvies Communications Corp. during the transfer. 6. Indemnification: The agreement may allocate responsibilities for any potential claims or losses arising from the transfer. It may specify the indemnification obligations of each party to protect against any liabilities or damages incurred by either party during or after the completed transfer. 7. Representations and Warranties: This type of agreement typically includes statements made by both parties regarding their authority to enter into the transfer, the accuracy of the information provided, and assurances that each party has obtained any necessary approvals or consents required for the transfer. It is important to note that the specific terms and conditions of the North Dakota Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. may vary depending on the unique circumstances and negotiations between the two parties involved.
The North Dakota Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. pertains to the transfer of specific assets and liabilities between the two companies. This agreement outlines the terms and conditions under which these transfers will occur, ensuring a smooth transition and legal compliance. The following are some key aspects and types of this agreement: 1. Asset Transfer: The agreement covers the transfer of tangible and intangible assets from Savvies Communications Corp. to Bridge Information Systems, Inc. These assets may include but are not limited to equipment, software, intellectual property rights, customer contracts, licenses, patents, trademarks, and copyrights. 2. Liability Transfer: The agreement defines the transfer of certain liabilities from Savvies Communications Corp. to Bridge Information Systems, Inc. These liabilities may encompass financial obligations, debts, legal claims, contractual commitments, pending lawsuits, and any other obligations that may have been incurred by Savvies Communications Corp. during its operations. 3. Financial Terms: The agreement specifies the financial considerations associated with the transfer. It covers the valuation of the assets being transferred, the purchase price or compensation to be paid by Bridge Information Systems, Inc. to Savvies Communications Corp., and any other financial arrangements necessary to execute the transfer. 4. Governing Law: The agreement identifies the jurisdiction (North Dakota) whose laws will govern the interpretation, validity, and enforcement of the agreement. It ensures that both parties adhere to the specific legal requirements and regulations of North Dakota during the transfer process. 5. Confidentiality and Non-Disclosure: This type of agreement may include provisions that safeguard the confidentiality of sensitive information. It may impose restrictions on Bridge Information Systems, Inc. regarding the disclosure, use, and dissemination of any proprietary or confidential information obtained from Savvies Communications Corp. during the transfer. 6. Indemnification: The agreement may allocate responsibilities for any potential claims or losses arising from the transfer. It may specify the indemnification obligations of each party to protect against any liabilities or damages incurred by either party during or after the completed transfer. 7. Representations and Warranties: This type of agreement typically includes statements made by both parties regarding their authority to enter into the transfer, the accuracy of the information provided, and assurances that each party has obtained any necessary approvals or consents required for the transfer. It is important to note that the specific terms and conditions of the North Dakota Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. may vary depending on the unique circumstances and negotiations between the two parties involved.