As full and complete consideration for the purchase of the Assets, at Closing the Buyer shall issue the Seller the Warrants (the "Purchase Price"). A Business Bill of Sale is a legal document used to transfer ownership of a business from a seller to a buyer.In an asset purchase, the purchaser only acquires the assets and liabilities it identifies and agrees to acquire and assume from the seller. An asset purchase agreement is a legally binding contract between a buyer and a seller outlining the terms of transferring assets. Whether you are transferring assets or shares, the contracts must adhere to both federal and Minnesota-specific laws.