Please take a few minutes to fill out a brief survey, available in English and Spanish. Skip to Main Content.WHEREAS, Seller wishes to sell, and Buyer has agreed to purchase, substantially all of the assets of the Business pursuant to the terms set forth herein. A nevada residential purchase agreement is a document that contains all of the terms and conditions of a transaction involving the sale of a home. We offer legal document preparation services, do-it-yourself legal forms and legal kits. In addition to our products and services, we offer information. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. The allocation will also have to be reported to the IRS on Form 8594, Asset Acquisition Statement.