The purchase price can include cash, promissory notes, assumptions of liabilities, dividends of cash or assets out of a company before a sale, deferred. An APA spells out the conditions and terms under which a seller will transfer all of the assets that belong to the business to a buyer.Thus, both the Buyer and Seller must complete this application. Only businesses that are already licensed to operate a trade waste business in New York City may. A seller must give all prospective purchasers Form TP153, Notice to Prospective Purchasers of a Business or Business Assets. Find info on the process of selling a business and business lawyers with NYC Bar. At Closing, Seller shall cause Title Company to be willing to issue a standard owner's title policy with a Standard. CONTRACT OF SALE – OFFICE, COMMERCIAL AND MULTI-FAMILY RESIDENTIAL. PREMISES. An asset purchase agreement is a legal document used when buying or selling a small business. Read on to understand the basics.