Appendix A: Site References; Legal Description. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer.Sale, Purchase and Transfer of Assets. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Download Utah Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. Our business law experts provide tailored solutions for business and asset purchases. A Utah purchase agreement is a legal document outlining an agreement between a buyer and seller of either real estate, stock, or other property and assets. The buyer agency agreement also called the buyer broker agreement. I find that buyers are sometimes hesitant to enter into a buyer agency agreement. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.