For all purposes, the parties agree that the Purchase Price shall be allocated among the Purchased Assets in the manner set forth in Schedule 1.5. While you can use this form to summarize your purchase agreement, we may require additional documents during the review process.An Asset Purchase Agreement is an agreement between a buyer and a seller of a business as to the terms and conditions of the sale of the business. Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. This Agreement is for the purchase of assets only, and.