Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. The sale and transfer of assets and the closing under this Agreement shall take place on April 15th, 2021 (the "Closing").A Sale of Business Assets Agreement is a contract that covers the sale and purchase of tangible and intangible assets of a business. An asset purchase agreement documents the terms of the sale of business assets from a seller to a buyer. Asset sales are types of business transaction where buyers purchase assets from a business, and the sellers retain legal ownership of the company. A Bill of Sale substantially in the form attached hereto as Exhibit "8.3.