A simple form asset purchase agreement (APA) for the sale and purchase of a small business, operating from a single freehold site, as a going concern. An Asset Purchase Agreement is a contract for the purchase of some of a business' specific assets, in which the terms of the sale are set out.This document is an agreement for the sale and purchase of a business and assets as a going concern. The Seller has agreed to sell, and the Purchaser has agreed to purchase, the Assets (as defined below) on the terms of this agreement. This Practice Note provides an overview of the agreement for the purchase of some or all of a company's assets (the APA). This legal template can be used for documenting the sale and purchase of assets in the United Kingdom, ensuring compliance with applicable laws and regulations. An asset purchase agreement is the key document that enables the purchase of some or all of the assets of a business.