THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. The most important document in an asset deal is the Asset Purchase Agreement (the "APA").In this article, I will discuss the key provisions of an APA. 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. A lease option contract has two parts, the first part is the lease, and that part is handled like any lease, money down and you move in. (a) On the Commencement Date, Landlord will assign and convey to. Page. ARTICLE 1 PURCHASE AND SALE OF ASSETS. 1. Landon A Dunn, Attorney At Law can review any asset purchase agreement and provide legal advice for your Small Business legal needs. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.