If you are thinking about purchasing a business from someone, you should be aware of Pennsylvania's Bulk Sale Law. Legal advise and agreements for purchasing a business or selling a business.Get our free, updated 2022 checklist for business buyers. Section 2. PURCHASES. 2.1. Specifications. 2.2. Standardization. 2.3. Requisitions. 2.4. Confirming Orders. 2.5. Download Pennsylvania Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. Applications will be pre-screened for completeness and applicant and property eligibility. Before finalizing the purchase, it is advisable to form a new legal entity to acquire the business (Asset Purchase). State Surplus Property Program. When a state agency has an item it no longer requires, that item is first offered to other state agencies.