THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into as of. List of Assets and Liabilities.The purchase and sale agreement should include a schedule of all the medical practice's assets and liabilities. You and the buyer must agree on whether the medical practice's sale will be a stock purchase or asset purchase. A medical practice buy-sell agreement starts with defining and appraising the practice's assets to help minimize disputes. The purchase and sale agreement (PSA) is a legally binding document that outlines the terms of the transaction. An asset purchase agreement is the legal document that will govern the transfer of ownership of a business's assets from the seller to the buyer.