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,.Model asset purchase agreement : with commentary. This model agreement points out several, but it does not delve into the more complicated tax issues. Responsibility: Committee on Negotiated Acquisitions. An asset purchase agreement documents the terms of the sale of business assets from a seller to a buyer. Buying or selling company assets? Use this Asset Purchase Agreement to finalize the terms of the transaction. Evidence of Site Control. CEC Pre-Certification Obtained.