Single Source and No Substitute. In an asset purchase, the purchaser only acquires the assets and liabilities it identifies and agrees to acquire and assume from the seller.Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Find top rated Minnesota asset purchase agreement lawyers. Post your legal needs and get proposals from vetted lawyers in MN for your APA. The lease agreement will generally contain a buyout or transfer of title provision. Profile IDs are required for capital leases. The lease contains a bargain purchase option. The lease term is equal to 75 percent or more of the estimated life of the leased asset.