An asset purchase agreement is a contract for the sale of a business or specific business assets. Check our exclusive articles about asset purchase agreements in Florida.If you need professional guidance, call us to (305) 921-0976. This job aid explains the process of how to register, issue, transfer, identify purchase information and dispose an asset. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. Shall receive a credit in the amount thereof with respect to the Purchase Price. (b).