Other than the Excluded Assets, Seller shall sell, transfer, convey, assign and deliver to Buyer, and. THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into as of.1. Sale And Purchase Of The Assets. The buyer and seller's names and addresses and the date of signing appear in the first paragraph of an asset purchase agreement. Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale. Form agreement for the purchase and sale of all or substantially all of the assets of a private Texas corporation, drafted in favor of the buyer. An asset purchase agreement is the legal document that will govern the transfer of ownership of a business's assets from the seller to the buyer.