Massachusetts business lawyers explain how asset purchase agreements work and what they should include. An asset purchase agreement is a legal contract that outlines the terms of an agreement to transfer assets between parties.Massachusetts Asset Purchase Agreement Template. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Edit, sign, and share restaurant sale agreement pdf online. No need to install software, just go to DocHub, and sign up instantly and for free.