The Model Asset Purchase Agreement with Commentary is the most comprehensive resource available for negotiating and documenting an asset purchase. This Asset Purchase Agreement (the Agreement ) is made as of the 22nd day of February,.A stock and asset purchase agreement is a contract between the buyer and seller of a business that outlines the terms, conditions, and details. This model agreement points out several, but it does not delve into the more complicated tax issues. Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction. A Practice Note providing commentary on key terms and conditions commonly found in asset purchase agreements. Using an asset purchase agreement template can fill in the blanks with your relevant details.