Asset Purchase Agreement between KNOLOGY BROADBAND OF CALIFORNIA, INC. And ORANGE BROADBAND, INC.ASSET PURCHASE AGREEMENT between ORANGE GLO INTERNATIONAL, INC. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. This form contemplates an asset purchase of a complete business. It is drafted to strongly favor the seller. An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset.