Seller desires to sell and Buyer desires to purchase certain assets of Seller used in the Business in accordance with the terms and conditions contained herein. Buying or selling company assets?Use this Asset Purchase Agreement to finalize the terms of the transaction. A sample asset purchase agreement is a legal document outlining the provisions overseeing the sale and purchase of specific assets between two parties. An APA, or Asset Purchase Agreement, is a contract in which a buyer and seller agree to the transfer of ownership for an asset at an agreed price. An asset purchase agreement (APA) is a legally binding document that details the terms and conditions related to the purchase and sale of a company's assets.