Appendix A: Site References; Legal Description. "Facilitate business acquisitions with our Letter of Intent template.The purpose of this Agreement is to provide for the purchase and sale of a Member's interest in the. Company. Utah law requires that some types of agreements must be in writing. A business purchase agreement is a legal contract specifying terms for buying or selling a business, including conditions and obligations. Generate, fill in, and complete now. Assets included in the purchase agreement. All the assets of a business must be expressly listed in the purchase agreement to ensure they form part of the sale.