A Pennsylvania Asset Purchase Agreement — Sanitary Sewer Collection System is a legal document that is used to transfer ownership of a sanitary sewer collection system from one party to another. This type of agreement is typically used when a municipality is selling a sewer collection system to a private entity, or when two or more municipalities are combining their sewer collection systems. The agreement outlines the terms and conditions of the sale, including the purchase price, obligations of the parties, rights and responsibilities of the parties, and any other relevant information. There are two types of Pennsylvania Asset Purchase Agreement — Sanitary Sewer Collection System: an Asset Purchase Agreement and a Lease Purchase Agreement. An Asset Purchase Agreement is a contract that transfers ownership of a sanitary sewer collection system from one party to another. A Lease Purchase Agreement is an agreement between two parties where one party leases the sanitary sewer collection system from the other party and has the option to purchase it at a later date.