In an asset purchase, the buyer agrees to purchase specific assets and liabilities. This means that they only take on the risks of those specific assets.Seller has made available to Buyer accurate, correct and complete copies of all Real Property Leases and all amendments thereto. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Asset purchases occur between a seller and buyer of a company's assets, including facilities, vehicles, equipment, stock, and inventory.