If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law. THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September.Page. ARTICLE 1 PURCHASE AND SALE OF ASSETS. 1. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. This course will assist you in handling every aspect of your client's purchase or sale of a business. Summary of Contents. Below is a general due diligence checklist with the first 8 of 16 items to cover your bases in a business or asset purchase transaction. Fill out our online application and share some basic information with us to start the process of applying for an asset-based loan in Pennsylvania. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.