Secure your San Antonio small business's transactions today! Our asset purchase agreements from Dan Burke are created to account for all of your assets.An Asset Purchase Agreement is a legally binding contract between a buyer and a seller that details the terms and conditions of the sale of a business's assets. All personal property purchased or acquired are assets of the university. An APA, or Asset Purchase Agreement, is a contract in which a buyer and seller agree to the transfer of ownership for an asset at an agreed price. An asset purchase agreement (or APA) is a binding document between a buyer and seller for the purchase and sale of a company's assets. An asset purchase agreement is the legal document that will govern the transfer of ownership of a business's assets from the seller to the buyer. The letter of intent and the Asset Purchase Agreement should identify the assets and the purchase price.