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Delaware – The leader in providing products and services to the oil and gas industries, Halliburton, has decided to separate itself from KBR, which serves as a defense industry contractor for the government. This division of the two operations through a Master Separation Agreement will allow them to each be appraised as pure-play companies and has been released by RealDealDocs.com, an online legal document supplier. A representative from KBR has said, “The master separation agreement will also contain agreements relating to the conduct of this offering and future transactions, and will govern the relationship between Halliburton and us subsequent to the separation and this offering. In addition, we will enter into several ancillary agreements with Halliburton, including a tax sharing agreement, a registration rights agreement, two transition services agreements, an employee matters agreement, and an intellectual property matters agreement. The terms of these agreements were determined by Halliburton. These agreements will continue in accordance with their terms after any distribution by Halliburton of our common stock to its stockholders.”
A master separation agreement is a legal document that allows for the separation of assets and businesses from a jointed corporation, such as KBR and Halliburton. The Halliburton – KBR master separation agreement is an extremely thorough and detailed agreement and would make for an excellent guideline and sample legal document for any entity wishing to conduct a business separation. In addition to the ancillary agreements mentioned above, this master separation agreement also includes indemnifications, use of proceeds, the issuance of stock, an agreement for the exchange of corporate information and confidentiality clauses.
The Halliburton - KBR master separation agreement was finally released and made available for downloading and printing by RealDealDocs.com, an online legal document provider. At RealDealDocs.com there are thousands of documents and clauses drafted both by the top law firms for Fortune 500 companies and small cap companies. These legal documents not only offer a relevant work product, but also share competitive intelligence about how top law firms are negotiating and drafting agreements for their clients. RealDealDocs.com tenders a glimpse into the inner workings of the World’s largest companies.
RealDealDocs.com serves as a vital resource for those looking for a legal document to use as a template or sample. A few of the most popular legal documents available include confidentiality agreements, employment agreements, LLC Operating agreements, lease agreements and loan contracts along with hundreds of other types of legal documents and clauses. RealDealDocs.com gives access to a leading legal research tool used by top professionals.
To view Halliburton and KBR Master Separation Agreement: http://agreements.wordpress.com/
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