Oklahoma Transfer Agreement between Savvis Communications Corp. and Bridge Information Systems, Inc. regarding the transfer of certain assets and liabilities

• Category: Corporations - Public - Agreements - Transfers
• State: Multi-State
• Control #: US-EG-9489
• Format: Word; Rich Text

Description

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 Oklahoma Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. is a legally binding document that outlines the transfer of specific assets and liabilities between the two companies. This agreement is crucial in ensuring a smooth transition of resources and responsibilities. The agreement typically includes various key clauses and provisions, such as: 1. Transfer of Assets: The agreement specifies the specific assets that will be transferred from Savvies Communications Corp. to Bridge Information Systems, Inc. These assets may include tangible and intangible assets such as equipment, technology, intellectual property rights, contracts, software licenses, and customer databases. 2. Transfer of Liabilities: The agreement outlines the liabilities that will be assumed by Bridge Information Systems, Inc. These liabilities may include contractual obligations, pending litigation, outstanding debts, and obligations towards employees, customers, and third parties. 3. Purchase Price: In some cases, the agreement may also include the purchase price or consideration for the transferred assets. This may be a fixed amount, a proportion of future revenues, or any other agreed-upon form of payment. 4. Conditions Precedent: The agreement may outline certain conditions that must be fulfilled before the transfer can take place. These conditions may include obtaining necessary regulatory approvals, third-party consents, or the fulfillment of certain contractual obligations. 5. Representations and Warranties: Both parties typically provide certain representations and warranties to each other, ensuring that they have the legal authority to enter into the agreement and that the assets being transferred are free from any encumbrances or claims. 6. Indemnification: The agreement may specify the indemnification obligations of each party. This ensures that if any claims or liabilities arise after the transfer, the responsible party will indemnify the other party for any losses incurred. 7. Governing Law and Dispute Resolution: The agreement typically specifies the governing law under which it will be interpreted and the mechanism for dispute resolution, such as arbitration or litigation. It is important to note that different types of Oklahoma Transfer Agreements may exist between Savvies Communications Corp. and Bridge Information Systems, Inc., depending on the specific assets and liabilities being transferred. This could include agreements related to the transfer of technology assets, intellectual property, customer contracts, or real estate assets, to name a few examples. The specific type of agreement will vary based on the nature of the transaction.

The Oklahoma Transfer Agreement between Savvies Communications Corp. and Bridge Information Systems, Inc. is a legally binding document that outlines the transfer of specific assets and liabilities between the two companies. This agreement is crucial in ensuring a smooth transition of resources and responsibilities. The agreement typically includes various key clauses and provisions, such as: 1. Transfer of Assets: The agreement specifies the specific assets that will be transferred from Savvies Communications Corp. to Bridge Information Systems, Inc. These assets may include tangible and intangible assets such as equipment, technology, intellectual property rights, contracts, software licenses, and customer databases. 2. Transfer of Liabilities: The agreement outlines the liabilities that will be assumed by Bridge Information Systems, Inc. These liabilities may include contractual obligations, pending litigation, outstanding debts, and obligations towards employees, customers, and third parties. 3. Purchase Price: In some cases, the agreement may also include the purchase price or consideration for the transferred assets. This may be a fixed amount, a proportion of future revenues, or any other agreed-upon form of payment. 4. Conditions Precedent: The agreement may outline certain conditions that must be fulfilled before the transfer can take place. These conditions may include obtaining necessary regulatory approvals, third-party consents, or the fulfillment of certain contractual obligations. 5. Representations and Warranties: Both parties typically provide certain representations and warranties to each other, ensuring that they have the legal authority to enter into the agreement and that the assets being transferred are free from any encumbrances or claims. 6. Indemnification: The agreement may specify the indemnification obligations of each party. This ensures that if any claims or liabilities arise after the transfer, the responsible party will indemnify the other party for any losses incurred. 7. Governing Law and Dispute Resolution: The agreement typically specifies the governing law under which it will be interpreted and the mechanism for dispute resolution, such as arbitration or litigation. It is important to note that different types of Oklahoma Transfer Agreements may exist between Savvies Communications Corp. and Bridge Information Systems, Inc., depending on the specific assets and liabilities being transferred. This could include agreements related to the transfer of technology assets, intellectual property, customer contracts, or real estate assets, to name a few examples. The specific type of agreement will vary based on the nature of the transaction.