The Asset Purchase Agreement is a legal document designed for the sale and purchase of business assets between a seller and a buyer, specifically tailored for transactions in the state of King. This form details the assets being purchased, including equipment, inventory, and goodwill, while explicitly excluding certain liabilities and assets. Users must fill in specific information such as the parties involved, the purchase price, and asset descriptions. The document outlines responsibilities regarding payment methods, closing conditions, and the necessary agreements to be executed at closing. It also includes representations and warranties from both the seller and buyer, ensuring compliance and proper authority to enter the agreement. This form is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in business transactions, offering a clear framework to facilitate asset transfers and protect the interests of all parties involved.