Asset purchase is to limit the purchaser's responsibility for the liabilities and obligations of the seller. In the event the Purchase Price plus Seller's cash and cash equivalents.(including Board Designated Funds and the balance of the Hospital's bond escrow. A business sale transaction can take several forms: (1) sale of assets, (2) sale of stock, (3) merger, ( 4) consolidation, or (5) share exchange. In consideration of the sale, transfer, assignment, conveyance and delivery of the Assets to Buyer, Buyer shall pay to Seller a total cash purchase price of. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. You must allocate the total purchase price to the specific assets acquired. The amount allocated to each asset becomes the initial tax basis of that asset. Form 5076 must be filled out in its entirety. There are several ways that the buyer can pay the purchase price: cash, bank financing, and seller financing are common.