Prior to being entitled to any Progress Payment Seller shall submit a Notice of Request for Progress Payment in the form attached hereto as Exhibit A and in. Outline the payment terms, including the down payment (if any), installment payments, interest rates (if applicable), and the due dates. 5.Information and instructions, including forms for Uniform Commercial Code (UCC) filings with the Utah Division of Corporations and Commercial Code. 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. Asset sales are types of business transaction where buyers purchase assets from a business, and the sellers retain legal ownership of the company. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.