Asset purchase agreements can be a useful way to create a new business while leaving unwanted resources and potential issues with the seller. Buying a Business in Arizona.Brokers, Pros and cons: Business brokers are a good place to find an Arizona business. The Asset Purchase Agreement allows you to purchase specific assets of a business, without accepting any of the associated liabilities or debts of that company. An asset purchase agreement (APA) is a legal document that regulates transactions involving the sale and transfer of business assets. Find asset purchase agreement lawyers for Phoenix, AZ to hire. No cost to post a project to get multiple bids in hours to compare before hiring.