TEMPLATE.Asset Purchase Agreement DRAFT. This Asset Purchase Agreement template sets out the terms and conditions upon which Seller shall effect the sale of asset(s) to Buyer.A simple form asset purchase agreement (APA) for the sale and purchase of a small business, operating from a single freehold site, as a going concern. Sale of the Purchased Assets; Assumption of the Assumed Contracts. Download the free Asset Purchase Agreement Simple template for your business.