This post will address employment law considerations that should be discussed in the due diligence phase of a proposed acquisition. An asset purchase agreement (APA) is a legally binding document that details the terms and conditions related to the purchase and sale of a company's assets.This Asset Purchase Agreement (the Agreement ) is made as of the 22nd day of February,. Signing new paperwork can be used as an opportunity to provide a warm welcome, outline important policies or procedures the new employee will need to know. What provisions should be in the purchase agreement? (a) Schedule 4.14(a) attached hereto contains an accurate and complete list of each Employee Plan and Employment Agreement. The Asset Purchase Agreement Checklist outlines important considerations for buying or selling a business, including assets, liabilities, and contracts.