Upon Closing, Buyer will be responsible for acquiring and maintaining appropriate insurance for the protection of the Acquired. This ASSET PURCHASE AGREEMENT (this "Agreement") is dated as of September 5,.Virginia Asset Purchase Agreement Template. When you're involved in buying or selling a business's assets, make sure to utilize an asset purchase agreement. "Assignment and Assumption Agreement" means an Assignment and Assumption. Agreement in the form of Exhibit B hereto. Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction. REAL PROPERTY: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the.