Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. Establish terms for sale and purchase of an asset.In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. The Assets, including the Leased Real Property and the Personal Property, include all property used in the conduct of the Business as presently conducted. Edit, sign, and share Sale of Assets - Asset Purchase - Arizona online. No need to install software, just go to DocHub, and sign up instantly and for free.