THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of this ____ day of. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.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. 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. Prior to the Closing the Purchaser shall notify the State of New York of the proposed sale of assets under this Agreement.