An asset purchase agreement is a contract for the sale of a business or specific business assets. This guide will break down the ins and outs of asset purchase agreements for multiple owners, making this complex legal topic more digestible and actionable.Buyer shall purchase all outstanding Accounts Receivable of the Business constituting Purchased Assets. The seller is entitled to act as the buyer's mortgage company and loan the buyer any part of the purchase price. However, like most terms in the Asset Purchase Contract, this time period and the cost to the buyer is negotiable. Once your attorney is on board, they will help you draft up a sales agreement which outlines all of the details regarding the sale of your home.