The Asset Purchase Agreement is a comprehensive document designed for the sale of business assets between a Seller and a Buyer. This agreement details the terms under which the Seller will sell assets used in their business operations, which may include equipment, inventory, and goodwill. Key features of the agreement include sections for listing purchased assets, liabilities assumed, and excluded assets. Users can also find provisions regarding the purchase price, payment schedules, and additional agreements, such as non-competition clauses. This form provides specific filling instructions, allowing users to modify it to fit their unique circumstances and delete non-applicable provisions. Target audiences, including attorneys, partners, owners, associates, paralegals, and legal assistants, can utilize this form effectively in transactions where businesses are sold or merged. The clarity of its structure aids users in understanding their obligations, rights, and the mechanics of asset transfers in an efficient and organized manner.