A purchase and sale agreement is a contract between a buyer and seller for transacting a property in exchange for a specific price. If you are looking to sell or purchase a business, get help from our skilled Houston business sale and purchase attorney at Weisblatt Law.The purchase of a residential service contract is optional. Similar coverage may be purchased from various companies authorized to do business in Texas. 8. This model agreement is drafted in a manner that aims to be reasonable and includes provisions that are common to many types of negotiated services agreements. How do I fill this out? A Texas Business Purchase Agreement will help transfer business ownership and outline the terms of the sale. THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into as of.