Here is an example of what a business purchase agreement might look like. Key facts about business asset purchase agreement (APA) and sample template for asset sale in Florida and explanations about what should go in an APA.In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. If it's an asset sale, list the specific assets and liabilities included in the sale. This can include equipment, inventory, contracts, trademarks, and debts. Business assets are not considered legally transferred without a properly executed Business Purchase Agreement between the seller and purchaser.