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. 1. Collect details of the seller and buyer.In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Identify the parties involved in the transaction. 2. Download Georgia Asset Purchase Agreement template, modify and send for signing using BoloForms Signature.