Seller desires to sell and Buyer desires to purchase certain assets of Seller used in the Business in accordance with the terms and conditions contained herein. The Capital Asset Request Form must be submitted for all requests involving capital assets that are inventoried in the Oracle Fixed Asset Module (OFAM).Buyer agrees to purchase and acquire from Seller at the Closing, all of Seller's right, title and interest in and to all of the Required Assets. In this form of business transaction the "buyer" obtains the selling shareholder's stocks, taking the place of the seller in the ownership of the company. An asset purchase agreement (APA) is a legally binding document that details the terms and conditions related to the purchase and sale of a company's assets. The documents you need to buy or sell a business depend on the structure (discussed here) and complexity of the deal as well as its specific terms.