The Asset Purchase Agreement with Lease in Arizona is a detailed legal document between a seller and a buyer outlining the terms under which the buyer will acquire the seller's assets, such as equipment, goodwill, and inventory. Key features include a clear delineation of the assets being purchased, liabilities assumed by the buyer, the purchase price structure, and additional agreements that may accompany the transaction, including non-competition agreements. The document requires careful modification to fit the specific facts of the deal, with the seller and buyer needing to fill in their details and relevant dates. It is particularly useful for attorneys, partners, and legal assistants involved in business transactions, as it provides a standardized framework for structuring asset sales while ensuring compliance with state laws. Paralegals and associates will find the filling and editing instructions beneficial for preparing documents efficiently, while owners benefit from clarity regarding their rights and obligations throughout the ownership transfer process. This form is also suitable for businesses considering a merger or acquisitions, providing legal protection and clarity in the transaction.