San Jose California Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample

• Category: Corporations - Public - Asset Purchase - Samples
• State: Multi-State
• City: San Jose
• 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. San Jose, California is a vibrant city located in the heart of Silicon Valley. Known for its innovation, technology, and diverse culture, San Jose is home to numerous companies and organizations that drive advancements in various industries. Among the notable agreements that have taken place in San Jose is the Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation. This Sample Asset Purchase Agreement outlines the terms and conditions under which Centennial Technologies, Inc. agrees to sell certain assets to Intel Corporation. The agreement encompasses the purchase of specific assets related to Centennial Technologies, Inc.'s business operations, including but not limited to intellectual property, equipment, software, and inventory. Key elements covered in this agreement include: 1. Purchase Price and Payment Terms: The agreement specifies the agreed-upon purchase price and outlines the payment terms, which can include a lump sum payment or installment options. 2. Asset Transfer: It describes the assets that are being transferred from Centennial Technologies, Inc. to Intel Corporation. This includes providing a detailed list of the assets, their condition, and any warranties or representations made by the seller. 3. Intellectual Property: The agreement addresses the transfer of intellectual property rights, such as patents, trademarks, copyrights, and licenses. It specifies any restrictions or limitations on the use of the intellectual property by the buyer. 4. Liabilities and Indemnification: The agreement outlines the liabilities associated with the assets being transferred and establishes the responsibilities of each party. It includes provisions for indemnification, protecting each party from any future claims or liabilities related to the transferred assets. 5. Employee Matters: If relevant, the agreement may address the treatment of employees affected by the asset purchase. This can include provisions related to the transfer of employees, termination, or continuation of employee benefits. It is important to note that while this description refers to a "Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation," there may be variations or different types of Asset Purchase Agreements depending on the specific circumstances and requirements of the involved parties. Variations can include different terms, conditions, and scope of assets being purchased. In conclusion, San Jose, California's Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation showcases the dynamic business environment and entrepreneurial spirit that drives innovation in the region.

San Jose, California is a vibrant city located in the heart of Silicon Valley. Known for its innovation, technology, and diverse culture, San Jose is home to numerous companies and organizations that drive advancements in various industries. Among the notable agreements that have taken place in San Jose is the Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation. This Sample Asset Purchase Agreement outlines the terms and conditions under which Centennial Technologies, Inc. agrees to sell certain assets to Intel Corporation. The agreement encompasses the purchase of specific assets related to Centennial Technologies, Inc.'s business operations, including but not limited to intellectual property, equipment, software, and inventory. Key elements covered in this agreement include: 1. Purchase Price and Payment Terms: The agreement specifies the agreed-upon purchase price and outlines the payment terms, which can include a lump sum payment or installment options. 2. Asset Transfer: It describes the assets that are being transferred from Centennial Technologies, Inc. to Intel Corporation. This includes providing a detailed list of the assets, their condition, and any warranties or representations made by the seller. 3. Intellectual Property: The agreement addresses the transfer of intellectual property rights, such as patents, trademarks, copyrights, and licenses. It specifies any restrictions or limitations on the use of the intellectual property by the buyer. 4. Liabilities and Indemnification: The agreement outlines the liabilities associated with the assets being transferred and establishes the responsibilities of each party. It includes provisions for indemnification, protecting each party from any future claims or liabilities related to the transferred assets. 5. Employee Matters: If relevant, the agreement may address the treatment of employees affected by the asset purchase. This can include provisions related to the transfer of employees, termination, or continuation of employee benefits. It is important to note that while this description refers to a "Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation," there may be variations or different types of Asset Purchase Agreements depending on the specific circumstances and requirements of the involved parties. Variations can include different terms, conditions, and scope of assets being purchased. In conclusion, San Jose, California's Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation showcases the dynamic business environment and entrepreneurial spirit that drives innovation in the region.