Appendix A: Site References; Legal Description. The Model Asset Purchase Agreement with Commentary is the most comprehensive resource available for negotiating and documenting an asset purchase.Find top rated Utah asset purchase agreement lawyers. Post your legal needs and get proposals from vetted lawyers in UT for your APA. 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. This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form. Following the execution of this Agreement, PAWC and Seller shall each take such any and all further actions as are necessary to invoke, commence and complete.