Salt Lake Utah Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample

• Category: Corporations - Public - Asset Purchase - Samples
• State: Multi-State
• County: Salt Lake
• Control #: US-EG-9333
• Format: Word; Rich Text

Description

Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation dated December 29, 1999. 4 pages. Salt Lake City, Utah, is the capital and the most populous city in the state of Utah. It is known for its stunning natural landscapes, outdoor recreational activities, and vibrant urban culture. Located in a valley between the Wasatch Mountains and the Great Salt Lake, the city offers breathtaking views and a diverse range of activities for residents and visitors alike. Regarding the specific asset purchase agreement between Centennial Technologies, Inc. and Intel Corporation, here is a detailed description of what it entails: 1. Title: Salt Lake Utah Sample Asset Purchase Agreement 2. Parties Involved: Centennial Technologies, Inc. and Intel Corporation 3. Purpose: This agreement outlines the terms and conditions of the purchase of assets by Intel Corporation from Centennial Technologies, Inc. 4. Assets: The agreement specifies the assets being acquired, which can include tangible and intangible assets such as hardware, software, patents, trademarks, copyrights, customer lists, contracts, and inventory. 5. Purchase Price: The agreement states the agreed-upon purchase price for the assets, considering factors like market value, depreciation, and potential future value. 6. Payment Terms: The agreement outlines the payment terms, including the method, installment schedule, and any potential contingencies such as earn-outs or performance milestones. 7. Representations and Warranties: Both parties provide assurances about the accuracy and completeness of the information provided, including details about the assets, liabilities, financial statements, and legal compliance. 8. Closing Conditions: The conditions required for the completion of the transaction are stipulated, such as regulatory approvals, third-party consents, and satisfactory due diligence. 9. Confidentiality and Non-Compete: The agreement may include clauses to protect sensitive information and prevent competition between the parties. 10. Indemnification: The agreement specifies the responsibility for any future claims or losses related to the assets being purchased. 11. Governing Law: The parties agree on the jurisdiction and the applicable laws that will govern the agreement. 12. Termination: The circumstances under which the agreement may be terminated by either party are detailed, including breach of contract, failure to fulfill conditions, or mutual consent. 13. Severability: If any provision of the agreement is found to be unenforceable, the rest of the provisions remain valid and binding. 14. Entire Agreement: It is stated that the asset purchase agreement represents the entire understanding between the parties and supersedes any prior agreements or negotiations. While these are general elements that can be found in a sample asset purchase agreement, there may be variations based on the specific nature of the transaction, commercial arrangement, or legal requirements.

Salt Lake City, Utah, is the capital and the most populous city in the state of Utah. It is known for its stunning natural landscapes, outdoor recreational activities, and vibrant urban culture. Located in a valley between the Wasatch Mountains and the Great Salt Lake, the city offers breathtaking views and a diverse range of activities for residents and visitors alike. Regarding the specific asset purchase agreement between Centennial Technologies, Inc. and Intel Corporation, here is a detailed description of what it entails: 1. Title: Salt Lake Utah Sample Asset Purchase Agreement 2. Parties Involved: Centennial Technologies, Inc. and Intel Corporation 3. Purpose: This agreement outlines the terms and conditions of the purchase of assets by Intel Corporation from Centennial Technologies, Inc. 4. Assets: The agreement specifies the assets being acquired, which can include tangible and intangible assets such as hardware, software, patents, trademarks, copyrights, customer lists, contracts, and inventory. 5. Purchase Price: The agreement states the agreed-upon purchase price for the assets, considering factors like market value, depreciation, and potential future value. 6. Payment Terms: The agreement outlines the payment terms, including the method, installment schedule, and any potential contingencies such as earn-outs or performance milestones. 7. Representations and Warranties: Both parties provide assurances about the accuracy and completeness of the information provided, including details about the assets, liabilities, financial statements, and legal compliance. 8. Closing Conditions: The conditions required for the completion of the transaction are stipulated, such as regulatory approvals, third-party consents, and satisfactory due diligence. 9. Confidentiality and Non-Compete: The agreement may include clauses to protect sensitive information and prevent competition between the parties. 10. Indemnification: The agreement specifies the responsibility for any future claims or losses related to the assets being purchased. 11. Governing Law: The parties agree on the jurisdiction and the applicable laws that will govern the agreement. 12. Termination: The circumstances under which the agreement may be terminated by either party are detailed, including breach of contract, failure to fulfill conditions, or mutual consent. 13. Severability: If any provision of the agreement is found to be unenforceable, the rest of the provisions remain valid and binding. 14. Entire Agreement: It is stated that the asset purchase agreement represents the entire understanding between the parties and supersedes any prior agreements or negotiations. While these are general elements that can be found in a sample asset purchase agreement, there may be variations based on the specific nature of the transaction, commercial arrangement, or legal requirements.