Form of Intellectual Property Assignment Agreement. -iii-. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller.TABLE OF CONTENTS. Page. In an Asset Purchase Agreement, 'asset' is a bit misleading. There are other key components. Preclosing liabilities in the face of express contractual language in the asset purchase agreement to the contrary. The Office of the City Register records and maintains New York City real property and certain personal property transfer records, such as mortgage documents.