This guide provides the steps to create a purchase order that will generate an asset record in the Asset. In an asset purchase, the purchaser only acquires the assets and liabilities it identifies and agrees to acquire and assume from the seller.Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Download Minnesota Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. If you buy or acquire a business, or the stock of goods of a business, you are a successor. • Record the AM Business Unit and Asset Profile ID on the Asset Information tab on the. PO Distribution Line. This post will address employment law considerations that should be discussed in the due diligence phase of a proposed acquisition.