Below is a general due diligence checklist with the first 8 of 16 items to cover your bases in a business or asset purchase transaction. Purchaser agrees to purchase from Seller, and Seller agrees to sell, convey, transfer, assign, and deliver to Purchaser, on the Closing Date.Legal advise and agreements for purchasing a business or selling a business. Get our free, updated 2022 checklist for business buyers. Download Pennsylvania Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. THIS ASSET PURCHASE AGREEMENT (this "Agreement"), dated as of September. Generally an asset sale is better because it limits your exposure because the seller's liabilities remain with the seller and do not carryover. The Asset Purchase Agreement Checklist outlines important considerations for buying or selling a business, including assets, liabilities, and contracts. Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction.