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. If you are applying to the AG, submit the verified petition to the Charities Bureau in New York.This Asset Purchase Agreement ("Agreement") is made effective as of December 14,. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Seller shall sell, assign, transfer and deliver to Acquisition all of the assets, properties, rights and business of Seller of every type and description. Find top rated New York asset purchase agreement lawyers. Post your legal needs and get proposals from vetted lawyers in NY for your APA. Form of Asset Purchase Agreement. Attached as Exhibit. An asset purchase agreement is a legal document used when buying or selling a small business.