1.2 Agreement to Purchase. This guide will break down the ins and outs of asset purchase agreements for multiple owners, making this complex legal topic more digestible and actionable., Nicholas Baum, and City Juice Systems KS, LLC. During the Due Diligence Period, Purchaser will review the Acquired Assets and various aspects of Purchaser's potential acquisition of the Acquired Assets. An asset purchase agreement is a legal contract that outlines the terms of an agreement to transfer assets between parties. WHEREAS, Buyer, in reliance upon the representations, warranties and covenants of.