An APA is a legallybinding contract between a buyer and seller that finalizes the terms and conditions of an acquisition. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale.Ensure a successful asset acquisition with our detailed asset purchase agreement checklist, covering all critical steps from agreements to finalization. This Asset Purchase Agreement template sets out the terms and conditions upon which Seller shall effect the sale of asset(s) to Buyer. How do I fill this out? This ASSET PURCHASE AND SALE AGREEMENT (this "Agreement"), dated as of.