THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into as of. A Texas Business Purchase Agreement will help transfer business ownership and outline the terms of the sale.Selling a business contract involves a lot of paperwork. We'll discuss the must-haves and the potential pitfalls. There's a lot that you need to know about asset purchase agreements in Texas. This article will help explain a few of those things. Business assets are not considered legally transferred without a properly executed Business Purchase Agreement between the seller and purchaser.