ABC CORPORATION, a New York corporation (the "Purchaser"). This Asset Purchase Agreement ("Agreement") is made effective as of December 14,.An APA is a legallybinding contract between a buyer and seller that finalizes the terms and conditions of an acquisition. Fill out the form to access a sample of Practical Guidance. 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.