Form agreement for the purchase and sale of a division or line of business of a private US corporation, drafted in favor of the seller. Find asset purchase agreement lawyers for Chicago, IL to hire.No cost to post a project to get multiple bids in hours to compare before hiring. Form agreement for the purchase and sale of a division or line of business of a private US corporation, drafted in favor of the buyer. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.