This Standard Document has integrated notes with important explanations and drafting and negotiating tips. Get full access to this document with Practical Law.A short form agreement for the purchase and sale of all or substantially all the assets of a private US corporation, drafted in favor of the buyer. Thomson Reuters Practical Law provides asset purchase agreements as well as other standard documents, checklists, legal updates, how-to guides, and more. It assumes that completion will take place immediately following exchange. This Practical Law Company asset purchase agreement is similar to the above form but includes buyeradvantageous provisions. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.