The life of this Contract, with responsible insurance companies authorized to do business in the. Business Bill of Sale: This document outlines the sale details, including the purchase price, assets included, and any warranties or guarantees.Download Utah Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. An asset purchase agreement is a legally binding contract between a buyer and a seller outlining the terms of transferring assets. In most states, sales of intangible assets. (such as goodwill, intellectual property, trademarks, and so on) are not subject to sales tax.