LoKation Real Estate Managing Broker, Jonathan Lickstein, delivers a training on the As-is contract. An asset purchase agreement is an agreement between buyer and seller that formalizes the purchase of a business or business asset.Check our exclusive articles about asset purchase agreements in Florida. If you need professional guidance, call us to (305) 921-0976. The goal of an asset purchase agreement, as with any agreement, should be to avoid future litigation due to problems in the transaction. Fill out our online form or call us at 561-296-7772 or toll-free at 866-930-2938. Commercial Litigation. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.