ABC CORPORATION, a New York corporation (the "Purchaser"). 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.This Asset Purchase Agreement ("Agreement") is made effective as of December 14,. This post will address employment law considerations that should be discussed in the due diligence phase of a proposed acquisition. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. This short-form asset purchase agreement is for use in the sale of a seller's assets for cash. "Business" has the meaning set forth in the recitals to this Agreement.