A business sale transaction can take several forms: (1) sale of assets, (2) sale of stock, (3) merger, ( 4) consolidation, or (5) share exchange. RECITALS. THIS ASSET PURCHASE AGREEMENT (the "Agreement"), dated as of January 30,.Organization and Standing. Business Bill of Sale: This document outlines the sale details, including the purchase price, assets included, and any warranties or guarantees. THIS ASSET PURCHASE AGREEMENT is made and entered into as of January 13,. Sales Contracts and Service Records. 4.1 Corporate Capacity. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity.