Appendix A: Site References; Legal Description. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.A contract for deed involves the seller financing the property purchase as an alternative to conventional mortgages, benefiting both parties. Download Utah Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. Our business law experts provide tailored solutions for business and asset purchases. THIS AGREEMENT FOR PURCHASE AND SALE AND TRANSFER OF OPERATIONS (this.