Many Buyers will require that a sale be structured as an Asset Purchase in order to avoid responsibility for prior liabilities or expenses of the business. Asset purchase agreement typically involves the purchase of assets, typically occurring in context of purchasing a business.Find top rated California asset purchase agreement lawyers. Post your legal needs and get proposals from vetted lawyers in CA for your APA. A. It is understood and agreed that CONTRACTOR (including CONTRACTOR's employees) is an independent contractor and that no relationship of employer-employee. Our Sacramento tax due diligence accountants can make sure that your company and asset purchases have been assessed before the transaction is executed.