Acquired Assets Defined Sample Clauses
The "Acquired Assets Defined" clause specifies exactly which assets are being transferred from the seller to the buyer in a transaction. It typically lists tangible items like inventory, equipment, and real estate, as well as intangible assets such as intellectual property, contracts, and goodwill. By clearly delineating what is included and excluded from the sale, this clause ensures both parties have a mutual understanding of the scope of the transaction and helps prevent future disputes over asset ownership.
Acquired Assets Defined. “Acquired Assets” means all assets, properties, rights, claims, business operations, franchises and privileges with respect to the Business of every kind and nature whatsoever (tangible, intangible or mixed) and wherever located, except that Acquired Assets does not mean any Excluded Asset. Without limiting the generality of the foregoing, the Acquired Assets include the following:
Acquired Assets Defined. As used in this Agreement, the term ----------------------- "ACQUIRED ASSETS" means, collectively, the following assets of Seller: