Contact Davis Business Law for a lawyer to buy or sell your business in Dallas, TX. From mergers to asset purchases, we've got you covered. An Asset Purchase Agreement is a legally binding contract between a buyer and a seller that details the terms and conditions of the sale of a business's assets.Seller has delivered to the Buyer correct and complete copies of the Leases and each lease is legal, valid, binding, enforceable, and in full force and effect. The assets section, in particular, details what assets are included in the sale. More importantly, it may detail what assets are not included. Order. This document contemplates that the buyer and the seller will negotiate and incorporate all of the terms and conditions of the transaction into this. Explore essential legal considerations when buying a business in Dallas . Learn about asset vs.