THIS PURCHASE AND SALE AGREEMENT, (the "Agreement") is made and entered into this _____ day of. An asset purchase agreement, commonly known as an APA, is a legally binding contract that outlines the terms and conditions during the sale of a business.An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. This Procurement Guidance Document and Best Practices Manual (Manual) consolidates MiamiDade County. Section 5.01 Transferred Staff Employees. An asset purchase agreement is a contract for the sale of a business or specific business assets. Listed below are the job titles for those employees of the MiamiDade County School. Board in the AFSCME, Local 1184, bargaining unit:.