A simple form asset purchase agreement (APA) for the sale and purchase of a small business, operating from a single freehold site, as a going concern. The Seller has agreed to sell, and the Purchaser has agreed to purchase, the Assets (as defined below) on the terms of this agreement.The following Corporate precedent provides comprehensive and up to date legal information on Asset purchase agreementshort form. Assignment and assumption agreement, substantially in the form attached hereto as Exhibit. (the "Assignment and Assumption. This form contemplates an asset purchase of a complete business. It is drafted to strongly favor the seller. Sale of the Purchased Assets; Assumption of the Assumed Contracts.