An APA spells out the conditions and terms under which a seller will transfer all of the assets that belong to the business to a buyer. A business sale agreement is a legal document that describes and records the price and other details when a business owner sells the business.This Asset Purchase Agreement ("Agreement") is made effective as of December 14,. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. Seller is a corporation duly organized, validly existing, and in good standing under the laws of the State of New York. The Asset Purchase Contract (Seller-friendly Simple) is a legally binding document that outlines the terms and conditions for the sale and purchase of assets. This business sale agreement template can be used as a binding document to govern the sale of a business to a new owner. This simple Asset Purchase Agreement template is a contract for the sale and purchase of assets of a company.