Wyoming Sample Asset Purchase Agreement between Radius Corporation and International Business Machines Corporation is a legal document outlining the terms and conditions of the asset purchase agreement between these two entities. This agreement pertains to the transfer of specific assets from Radius Corporation to International Business Machines Corporation in the state of Wyoming, United States. The Wyoming Sample Asset Purchase Agreement between Radius Corporation and International Business Machines Corporation — Sample consists of various sections that cover essential aspects of the purchase agreement, including: 1. Parties Involved: This section provides a detailed introduction to both entities involved in the agreement, namely Radius Corporation and International Business Machines Corporation. It specifies their legal names, addresses, and identifies them as the "Seller" and "Buyer," respectively. 2. Asset Transfer: This section outlines the specific assets being transferred from Radius Corporation to International Business Machines Corporation. It defines the assets, including equipment, technology, intellectual property, customer lists, contracts, or any other tangible or intangible assets deemed necessary for the transaction. 3. Purchase Price: This section details the agreed-upon purchase price for the assets. It specifies if the payment will be made in one lump sum or in installments, along with any other financial terms such as escrow arrangements or adjustments based on closing date balance sheet review. 4. Closing and Delivery: This section describes the obligations and responsibilities of both parties concerning the closing and delivery of the assets. It includes the timeline for completion, the documentations required, and the steps necessary for the transfer of ownership. 5. Representations and Warranties: This section highlights the representations and warranties made by both parties. Radius Corporation guarantees that it possesses lawful ownership of the assets, while International Business Machines Corporation represents that it has the financial capability to complete the purchase. 6. Indemnification: This section establishes the indemnification obligations of both parties. It states that each party will be responsible for any damages, expenses, or losses arising from breaches of their respective representations, warranties, or covenants. 7. Governing Law and Jurisdiction: This section specifies that the agreement will be governed by the laws of the state of Wyoming and any disputes will be resolved in the appropriate courts within the state. It is important to note that the sample asset purchase agreement mentioned above is just an example and may not reflect the specific terms and conditions of the actual agreement between Radius Corporation and International Business Machines Corporation. Different versions or variations of this agreement may exist depending on the parties involved and their specific requirements.
Wyoming Sample Asset Purchase Agreement between RadiSys Corporation and International Business Machines Corporation - Sample
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