THIS PURCHASE AND SALE AGREEMENT (this "Agreement") is made as of this ____ day of. 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.Identify the parties involved in the transaction. 2. (a) The Seller is a corporation duly organized, validly existing and in good standing under the laws of the State of New York. 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. The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as.