THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into as of. A business sale agreement is a legal document that describes and records the price and other details when a business owner sells the business.An asset purchase agreement is the legal document that will govern the transfer of ownership of a business's assets from the seller to the buyer. A Texas Business Purchase Agreement will help transfer business ownership and outline the terms of the sale. An Asset Purchase Agreement is a legally binding contract between a buyer and a seller that details the terms and conditions of the sale of a business's assets.