You must properly transfer the assets of a business purchase. A Maryland business attorney specializing in business sales will make sure it's done properly.An experienced Maryland business transactions attorney can draft a Purchase and Sale Agreement that is tailored to the individual transaction. " The Maryland asset purchase agreement should give a description of the assets to be included in the business sale and purchase. Download Maryland Business Bill of Sale template, modify and send for signing using BoloForms Signature. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. Seller is authorized to conduct business in the State of Maryland.