Each sale has different pros and cons. Find asset purchase agreement lawyers for Chicago, IL to hire.No cost to post a project to get multiple bids in hours to compare before hiring. You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. This contract sets out the key terms of the transaction, including the purchase price, payment terms, and the assets and liabilities included in the sale. All Illinois Courts must accept these forms. Scroll down below the chart for important information on how to fill out these forms.