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

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Multi-State
Control #:
US-EG-9333
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Word; 
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Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation dated December 29, 1999. 4 pages.
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  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample
  • Preview Sample Asset Purchase Agreement between Centennial Technologies, Inc. and Intel Corporation - Sample

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FAQ

What's the Difference? Generally speaking, an asset purchase is when an individual, either with an existing entity or by forming a new entity (LLC or Corporation), buys the assets of a business without buying the business itself. Asset Purchases entail buying everything that the business owns (the Assets).

In an asset purchase, the buyer will only buy certain assets of the seller's company. The seller will continue to own the assets that were not included in the purchase agreement with the buyer. The transfer of ownership of certain assets may need to be confirmed with filings, such as titles to transfer real estate.

The purpose of an asset purchase agreement It lets your business get exactly the assets it wants without purchasing anything it does not. It also helps a business limit the potential liabilities it could face. For example, asset purchase agreements are commonly used to purchase: Intellectual property.

An asset purchase agreement is a legal contract to buy the assets of a business. It can also be used to purchase specific assets from a business, especially if they are significant in value.

In an asset sale, the employment relationship is terminated and a new one is created. This means that the seller needs to do all the things that an employer would normally do when terminating an employee, including paying out final wages and vacation pay (where required by contract or state law).

An asset purchase involves the purchase of the selling company's assets -- including facilities, vehicles, equipment, and stock or inventory. A stock purchase involves the purchase of the selling company's stock only.

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