Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
About this form
The Sample Asset Purchase Agreement is a legal document used for the purchase and sale of assets between two companies, specifically between Centennial Technologies, Inc. and Intel Corporation, dated December 29, 1999. This agreement outlines the terms under which assets and certain rights associated with a business transaction are exchanged. It differs from other forms, such as a stock purchase agreement, by focusing specifically on the transfer of assets rather than ownership interests in a company.
Main sections of this form
- Definitions: Clarifies specific terms used throughout the agreement.
- Purchased Assets: Details the assets being sold and any excluded assets.
- Assumed Liabilities: Outlines which liabilities the purchaser will accept.
- Representations and Warranties: Lists the assurances provided by both parties regarding their obligations.
- Covenants: Includes the promises made by both buyer and seller about future actions.
- Indemnification: Specifies the conditions under which one party will compensate the other for any losses incurred.
When this form is needed
This form is typically used during business transactions when one company wants to purchase assets from another company. It is relevant in scenarios such as mergers and acquisitions, divestitures, or when a company is acquiring the assets of a competitor. By using this agreement, the parties ensure clear terms surrounding the sale of tangible and intangible assets, avoiding potential disputes down the line.
Who needs this form
- Business owners looking to acquire another company's assets.
- Companies intending to sell their operational assets to another entity.
- Legal representatives drafting agreements for asset transfer between corporations.
- Investors exploring acquisition opportunities in specific markets.
How to complete this form
- Identify the parties involved in the transaction (Seller and Purchaser).
- Clearly list the assets being purchased, including any exclusions.
- Detail the purchase price, including payment structure and any contingencies.
- Include representations and warranties required from both parties to establish trust and accountability.
- Finalize with signatures from authorized representatives to validate the agreement.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
Get your form ready online
Our built-in tools help you complete, sign, share, and store your documents in one place.
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.
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.
Common mistakes to avoid
- Failing to clearly identify all purchased and excluded assets.
- Not reviewing the liabilities being assumed by the purchaser.
- Inadequate ensure compliance with state-specific laws during the transaction.
- Neglecting to update the agreement after negotiations or changes in the transaction terms.
- Missing signatures from all required parties, which can invalidate the document.
Why use this form online
- Instant access to a professionally drafted legal document.
- Ability to edit and customize the form to fit specific transaction needs.
- Convenient completion and download from any location.
- Access to legal guidance for any questions or clarifications during the process.
