The Model Asset Purchase Agreement with Commentary is the most comprehensive resource available for negotiating and documenting an asset purchase. Edit, sign, and share model stock purchase agreement with commentary pdf online.The Model Asset Purchase Agreement and commentary refer to the Buyer and Seller as single "entities". Following the execution of this Agreement, PAWC and Seller shall each take such any and all further actions as are necessary to invoke, commence and complete. Page. Article 1 DEFINITIONS. 1. Article 2 PURCHASE AND SALE OF ASSETS. 1. Model asset purchase agreement : with commentary. This document is an asset purchase agreement between a purchaser and seller. This model agreement points out several, but it does not delve into the more complicated tax issues. Agreement to provide, among other things, that SELLER shall sell and BUYER shall purchase approximately 26,791 acres located in Hendry and Palm Beach.