Phoenix Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample

• Category: Corporations - Public - Asset Purchase - Samples
• State: Multi-State
• City: Phoenix
• Control #: US-EG-9003
• Format: Word; Rich Text

Description

Asset Purchase Agreement by and between Centennial Technologies, Inc. and Intel Corporation dated December 29, 1999. 45 pages Phoenix, Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation — Sample Introduction: The Phoenix, Arizona Sample Asset Purchase Agreement is a legal document that outlines the terms and conditions of the asset purchase agreement between Centennial Technologies, Inc. and Intel Corporation. This agreement sets forth the rights, obligations, and responsibilities of both parties involved in the transaction. It is designed to protect the interests of both companies and ensure a smooth and successful acquisition process. Key Terms and Conditions: 1. Parties: a. Centennial Technologies, Inc. — A technology company based in Phoenix, Arizona. b. Intel Corporation — A multinational technology company involved in the design and manufacturing of computer processors, headquartered in Santa Clara, California. 2. Purpose: The purpose of this agreement is for Intel Corporation to acquire certain assets of Centennial Technologies, Inc., including intellectual property rights, patents, research and development projects, technology licenses, and any other assets agreed upon by both parties. 3. Asset Purchase Price and Payment: a. The asset purchase price will be determined based on the negotiated value of the assets, and payment terms will be specified in the agreement. b. Payment may be made in cash, stocks, or a combination of both, as mutually agreed upon by both parties. 4. Asset Transfer and Closing: a. Centennial Technologies, Inc. agrees to transfer ownership of the specified assets to Intel Corporation upon the closing of the purchase agreement. b. The closing date will be determined and agreed upon by both parties, and all necessary documentation, approvals, and transfers will be completed by this date. 5. Representations and Warranties: Both parties will provide representations and warranties to ensure the accuracy and completeness of the information provided during the acquisition process. This includes confirming that both parties have the legal authority to enter into this agreement, and that all assets involved in the purchase are owned and held free from any liens or encumbrances. 6. Employee Matters: a. Centennial Technologies, Inc. will provide Intel Corporation with a list of employees associated with the assets being purchased, along with relevant employment contracts and agreements. b. Intel Corporation may choose to offer employment to certain employees, on terms to be negotiated separately and subject to applicable employment laws and regulations. 7. Confidentiality: Both parties agree to maintain strict confidentiality regarding any non-public information disclosed during the negotiation and execution of this agreement, protecting the interests of both companies and respecting the privacy and rights of any third parties involved. Types of Phoenix, Arizona Sample Asset Purchase Agreements between Centennial Technologies, Inc. and Intel Corporation: 1. Phoenix, Arizona Sample Asset Purchase Agreement — Stock and Cash: This type of agreement involves a combination of cash and stock as the payment method for the asset purchase price. 2. Phoenix, Arizona Sample Asset Purchase Agreement — Cash Only: This type of agreement specifies that the asset purchase price will only be paid in cash, without any stock options included. These different types of agreements may vary in terms of payment methods, pricing structures, and other negotiated terms, providing flexibility to tailor the agreement to the specific needs and preferences of the parties involved.

Phoenix, Arizona Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation — Sample Introduction: The Phoenix, Arizona Sample Asset Purchase Agreement is a legal document that outlines the terms and conditions of the asset purchase agreement between Centennial Technologies, Inc. and Intel Corporation. This agreement sets forth the rights, obligations, and responsibilities of both parties involved in the transaction. It is designed to protect the interests of both companies and ensure a smooth and successful acquisition process. Key Terms and Conditions: 1. Parties: a. Centennial Technologies, Inc. — A technology company based in Phoenix, Arizona. b. Intel Corporation — A multinational technology company involved in the design and manufacturing of computer processors, headquartered in Santa Clara, California. 2. Purpose: The purpose of this agreement is for Intel Corporation to acquire certain assets of Centennial Technologies, Inc., including intellectual property rights, patents, research and development projects, technology licenses, and any other assets agreed upon by both parties. 3. Asset Purchase Price and Payment: a. The asset purchase price will be determined based on the negotiated value of the assets, and payment terms will be specified in the agreement. b. Payment may be made in cash, stocks, or a combination of both, as mutually agreed upon by both parties. 4. Asset Transfer and Closing: a. Centennial Technologies, Inc. agrees to transfer ownership of the specified assets to Intel Corporation upon the closing of the purchase agreement. b. The closing date will be determined and agreed upon by both parties, and all necessary documentation, approvals, and transfers will be completed by this date. 5. Representations and Warranties: Both parties will provide representations and warranties to ensure the accuracy and completeness of the information provided during the acquisition process. This includes confirming that both parties have the legal authority to enter into this agreement, and that all assets involved in the purchase are owned and held free from any liens or encumbrances. 6. Employee Matters: a. Centennial Technologies, Inc. will provide Intel Corporation with a list of employees associated with the assets being purchased, along with relevant employment contracts and agreements. b. Intel Corporation may choose to offer employment to certain employees, on terms to be negotiated separately and subject to applicable employment laws and regulations. 7. Confidentiality: Both parties agree to maintain strict confidentiality regarding any non-public information disclosed during the negotiation and execution of this agreement, protecting the interests of both companies and respecting the privacy and rights of any third parties involved. Types of Phoenix, Arizona Sample Asset Purchase Agreements between Centennial Technologies, Inc. and Intel Corporation: 1. Phoenix, Arizona Sample Asset Purchase Agreement — Stock and Cash: This type of agreement involves a combination of cash and stock as the payment method for the asset purchase price. 2. Phoenix, Arizona Sample Asset Purchase Agreement — Cash Only: This type of agreement specifies that the asset purchase price will only be paid in cash, without any stock options included. These different types of agreements may vary in terms of payment methods, pricing structures, and other negotiated terms, providing flexibility to tailor the agreement to the specific needs and preferences of the parties involved.