The seller will provide the necessary documents, as well as the property and keys. The Essential Terms of an Asset Purchase Agreement in Florida.Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Drafting Asset Purchase Agreements: Standard (and Not-So-Standard) Clauses. Asset-based loans in Florida are one way to access financing. Learn how Griffin Funding can help you secure an asset-based loan in Florida. Filed with the Securities and Exchange Commission. Seller shall sell, convey, assign, transfer and deliver to Buyer, and Buyer shall purchase and acquire from Seller, free and clear of any Encumbrances. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.