An asset purchase agreement is a contract for the sale of a business or specific business assets. All required information about the parties involved in the agreement.An asset purchase agreement is an agreement between buyer and seller that formalizes the purchase of a business or business asset. This job aid explains the process of how to register, issue, transfer, identify purchase information and dispose an asset. The first step in buying a business is identifying the type of business that aligns with your interests, skills, and financial goals. An asset purchase agreement is a type of contract that pertains specifically to the sale of a business or particular business assets. Whether you are purchasing or selling business assets or property, Michelle Cohen Levy has experience streamlining this complex process. Fill out the Vendor Registration Form to register as a new vendor, update vendor contact information, or indicate change of ownership. This is accomplished through an asset purchase agreement.