The Purchaser wishes to acquire from the Sellers, and the Sellers wish to sell to the Purchaser, certain assets of the Sellers relating to the Business. An APA is a legallybinding contract between a buyer and seller that finalizes the terms and conditions of an acquisition.A. The Seller owns the Assets and carries on the Business. Asset purchase agreement. An asset sales contract sets out the terms and conditions pertaining to the sale and purchase of assets in a company. Take advantage of our free Asset Purchase Agreement template that you can download in Word or PDF. Download a free copy of the sample document, Assets Purchase Agreement for purchasing the assets of a running restaurant.