Other Intangible Purchased Assets Clause Samples
The 'Other Intangible Purchased Assets' clause defines and governs the treatment of intangible assets acquired in a transaction that do not fall under more specific categories like intellectual property or goodwill. This clause typically outlines what qualifies as an 'other intangible asset,' such as customer lists, proprietary processes, or non-compete agreements, and may specify how these assets are valued and transferred between parties. Its core function is to ensure that all relevant intangible assets are properly identified, accounted for, and transferred, thereby preventing disputes or omissions regarding valuable non-physical assets in the transaction.
Other Intangible Purchased Assets. All of the computer software, accounting systems, credit card systems, credit card invoice printers, and electronic point of sale devices, money order machines and money order stock, identification signs and sign holders, all training and marketing materials, advertisements and advertising materials and rights, all warranties and guarantees (including without limitation warranties and guarantees for Improvements and Equipment) and utility deposits, and all goodwill and other intangible assets associated with the ownership and operation of Sellers’ business (collectively, “Other Intangible Purchased Assets”);
Other Intangible Purchased Assets. Goodwill and other intangibles relating to the Business conducted with the Purchased Assets;