Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Bargain Purchase Option – A provision of a lease agreement that allows the lessee to purchase.Buying a Business in Arizona. Brokers, Pros and cons: Business brokers are a good place to find an Arizona business. The Arizona transaction privilege tax (TPT) is actually a tax on a vendor for the privilege of doing business in the state. If you buy multiple assets for a lump sum, you and the seller may agree to a specific allocation of the purchase price among the assets in the sales contract. The purpose of this guide is to present critical review steps that agencies must establish as a monthly practice. The Asset Purchase Agreement allows you to purchase specific assets of a business, without accepting any of the associated liabilities or debts of that company.