Rights Agreement between Centennial Technologies, Inc. and Intel Corporation
The Rights Agreement between Centennial Technologies, Inc. and Intel Corporation is a legal document that outlines the rights and obligations of both parties following an asset purchase agreement. Dated December 29, 1999, this agreement details the rights related to information disclosure and securities registration, setting forth specific conditions under which Intel can exercise its contractual rights regarding its shares in Centennial Technologies. This form serves as a formal understanding of these rights, differentiating it from standard stock purchase agreements or general partnership agreements by focusing specifically on registration and information rights tied to preferred stock holdings.
- Information Rights: Outlines Centennial Technologies' obligations to provide Intel with annual and quarterly financial reports.
- Registration Rights: Details the conditions under which Intel can demand registration of its shares and includes procedures for underwriting.
- Confidential Information: Defines the confidentiality terms concerning the agreement and related assets.
- Indemnification Provisions: Specifies the indemnification responsibilities between parties in case of losses arising from violations of the agreement.
- Assignment and Amendment Rights: Describes the ability to transfer rights under the agreement and amend its terms as necessary.
This Rights Agreement should be used when a corporation undergoes significant asset transactions and needs to clarify the financial and informational rights of stockholders, particularly when preferred stock is issued as part of the deal. It is essential in situations where a corporation wishes to ensure that shareholders are kept informed and that their interests are protected during and after a corporate acquisition.
Eligible Users:
- Corporations involved in asset purchase transactions.
- Shareholders or investors who hold preferred stock in a company post-acquisition.
- Legal professionals drafting or reviewing corporate agreements related to stock rights.
Steps to Complete the Rights Agreement:
- Identify the parties involved: Ensure both Centennial Technologies, Inc. and Intel Corporation are correctly named.
- Specify the date of the agreement: Clearly document December 29, 1999, as the effective date.
- Detail information rights: Describe what financial reports will be provided and the timelines for disclosure.
- Outline the registration rights: Indicate the circumstances under which Intel can request registration of shares.
- Include signatures: Have authorized representatives from both parties sign the agreement to validate it.
Notarization requirements for this form
This form does not typically require notarization to be legally valid. However, some jurisdictions or document types may still require it. US Legal Forms provides secure online notarization powered by Notarize, available 24/7 for added convenience.
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.
- Failing to define key terms, which can lead to interpretation issues in the future.
- Not specifying the timeframes for providing reports, resulting in potential disputes.
- Overlooking the necessity to obtain proper signatures, which can invalidate the agreement.
- Conveniently downloadable for immediate use, saving time compared to custom drafting.
- Templates drafted by licensed attorneys ensure compliance with relevant laws.
- Editable format allows for customization to meet specific transaction needs.
