In an asset purchase, only the assets of the business are purchased, not the liabilities. THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September.This ASSET PURCHASE AGREEMENT (this "Agreement") is made the 2nd day of. Buyer desires to purchase and accept from Seller, and Seller desires to sell and transfer to Buyer, substantially all of the assets of the Business. In an asset sale, the new owner purchases the business's physical assets. The seller retains all rights to the legal entity. The Asset Purchase Agreement Checklist outlines important considerations for buying or selling a business, including assets, liabilities, and contracts. Purchaser agrees to purchase from Seller, and Seller agrees to sell, convey, transfer, assign, and deliver to Purchaser, on the Closing Date.