Seller desires to sell and Buyer desires to purchase certain assets of Seller used in the Business in accordance with the terms and conditions contained herein. An APA, or Asset Purchase Agreement, is a contract in which a buyer and seller agree to the transfer of ownership for an asset at an agreed price.An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction. The meeting will be held in person at the above date, time and location. Finance and Risk Management. The Government Finance Officers Association of the United States and Canada. (GFOA) presented a Distinguished Budget Presentation Award to San Diego. An agreement to purchase a dental practice may be structured in different ways, most commonly as either an asset purchase or a stock purchase.