An asset purchase agreement should describe as specifically as possible the business assets being transferred. Seller should assume Buyer will usually find some basis to do so, hence may seek an increase in the Deposit in exchange for the extension.Call (800) 230-0744 - Shane D. Scott is dedicated to serving our clients with a range of legal services including Real Estate and Property Law cases. An asset sale entails the buyer purchasing the company's assets, including cash, accounts receivable, inventory, equipment, property, and leasehold interests. You can search for property records and property ownership information online, in person, or over the phone with a 311 representative. Our business checking accounts are designed to fit your business needs. Contact us and open a business checking account at Flagstar Bank. Ridgewood Savings Bank offers great rates on CDs, savings and money market accounts, residential and commercial mortgages, HELOCs, Personal loans, and more.