You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. Make sure you have proper legal guidance before your company makes major purchases.Call us at 312-715-8770. Structure your transaction in your best interest. See how can an asset purchase agreement can help you have a seamless acquisition. Free Consultation - Call (312) 889-8702 - The Castle Law Firm helps companies with business matters in Business and Franchise Law cases. Each sale has different pros and cons. This contract sets out the key terms of the transaction, including the purchase price, payment terms, and the assets and liabilities included in the sale.