The Asset Purchase Agreement is a formal document used in California for the purchase of assets, including foreign currency, primarily focusing on the terms and conditions of the sale between the Seller and Buyer. Key features include a detailed list of assets being purchased, pricing, payment terms, and exclusion of certain liabilities from the Buyer. Users must accurately fill sections related to corporate existence, warranties, and representations to ensure compliance with state laws. The form serves various use cases, making it essential for attorneys, business owners, and legal assistants in transactions involving asset acquisition. It helps delineate responsibilities and liabilities clearly, ensuring both parties are protected. Additionally, the form includes clauses for covenants, indemnification, and conditions precedent to closing, facilitating a smoother transaction process. By following the instructions, users can effectively tailor the agreement to their specific needs while adhering to legal standards.