Buyers shall purchase as part of this contract, all equipment, fixtures, goodwill, inventory, trademarks, trade names, and leasehold rights. The contract will state the date at which the final transfer of ownership and possession of the business will occur, and when the seller will get the money.You will need a promissory note and security agreement that addresses the key terms of the seller note. When a business sells its assets, the primary agreement governing the transaction is an Asset Purchase Agreement (the "APA"). Seller financing is an agreement in real estate where the seller handles the mortgage process rather than a financial institution. The seller directly loans the buyer some of the funds needed to buy their business, eliminating the bank as middleman in the transaction.