Buying forward is when an investor negotiates the purchase of a commodity at a price negotiated today but takes actual delivery at some point in the future. A forward contract is an agreement between two parties to buy or sell an asset at a specified price at a fixed date in the future.A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. A somewhat basic level high level presentation on the nuts and bolts of asset purchase sale transactions. In an asset purchase, the buyer agrees to purchase specific assets and liabilities. This means that they only take on the risks of those specific assets. Learn the tax implications for each type of sale.