Appendix A: Site References; Legal Description. Our business law experts provide tailored solutions for business and asset purchases.Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. Find top rated Utah asset purchase agreement lawyers. Post your legal needs and get proposals from vetted lawyers in UT for your APA. It should not be read to mean that all asset sales in a particular state will be exempt from tax. During an asset purchase in Utah, the buyer can only purchase the tangible or intangible assets listed in the document.