An asset purchase agreement is a contract for the sale of a business or specific business assets. An allocation of the purchase price is an essential component to a business sale transaction.Both buyer and seller have to work together to get it done. All required information about the parties involved in the agreement. Buyers like asset purchases. This is because they get to evaluate the assets and pick and choose which ones they want. The most important document in an asset deal is the Asset Purchase Agreement (the "APA"). In this article, I will discuss the key provisions of an APA.