Common use of The Asset Purchase Clause in Contracts

The Asset Purchase. MDK Sports hereby agrees to sell, transfer and assign the Assets to Image Sports free and clear of all liens, charges, encumbrances and securities interests and Image Innovations agrees to purchase the Assets free and clear of all liens, charges, encumbrances and securities interests, each on the terms and subject to the conditions of this Agreement.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Image Innovations Holdings Inc), Asset Purchase Agreement (Image Innovations Holdings Inc)