Sample Asset Purchase Agreement between RadiSys Corporation and International Business Machines Corporation - Sample
Understanding this form
This Asset Purchase Agreement is a legal document outlining the terms under which RadiSys Corporation will purchase certain assets from International Business Machines Corporation (IBM). This agreement, dated December 17, 1999, details the assets being sold, the purchase price, and the responsibilities of both parties. Unlike other contracts that may merely outline sales or agreements, this document is comprehensive in detailing the transfer of specific assets and associated liabilities, making it vital for legal and financial clarity in asset transactions.
Main sections of this form
- Transferred Assets: A detailed description of assets included in the sale.
- Consideration: The purchase price and payment terms for the assets.
- Closing Date: Specifies when the transaction will be finalized.
- Representations and Warranties: Assurances given by each party regarding their legal standing and ability to enter into the agreement.
- Indemnity Clauses: Provisions outlining liability and protections for each party post-transaction.
When to use this document
Who should use this form
- Business owners who are acquiring assets from another company.
- Legal professionals drafting contracts for asset transactions.
- Financial advisors involved in large business transactions.
- Companies undergoing mergers or acquisitions.
Steps to complete this form
- Identify the parties involved in the transaction, including full legal names and addresses.
- Clearly describe the assets being transferred, referencing any schedules or exhibits as necessary.
- Specify the purchase price and outline the payment terms, including any contingent payments.
- Determine the closing date and arrange for the signing of the agreement.
- Ensure all necessary representations and warranties are addressed to protect both parties.
Is notarization required?
In most cases, this form does not require notarization. However, some jurisdictions or signing circumstances might. US Legal Forms offers online notarization powered by Notarize, accessible 24/7 for a quick, remote process.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to clearly define the assets being sold, leading to ambiguity.
- Omitting essential terms regarding payment structure, including contingent payments.
- Not including adequate representations and warranties which can expose parties to risk.
- Neglecting to review state-specific laws that may affect the agreement's validity.
Why complete this form online
- Convenient access to legal documents without needing to visit office locations.
- Editable templates allow users to tailor the agreement to fit specific needs and conditions.
- Reliable legal language crafted by licensed attorneys ensures compliance and enforceability.
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FAQ
Get it in writing. Keep it simple. Deal with the right person. Identify each party correctly. Spell out all of the details. Specify payment obligations. Agree on circumstances that terminate the contract. Agree on a way to resolve disputes.
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