Form agreement for the purchase and sale of a division or line of business of a private US corporation, drafted in favor of the seller. Form agreement for the purchase and sale of a division or line of business of a private US corporation, drafted in favor of the buyer.The Department responsible for the asset must complete a Capital and. Grant Asset form (Exhibit 8.1). In an asset purchase transaction, the acquirer selects the assets it is purchasing, as well as the liabilities it is assuming. This Practical Law Company Microsoft Word template is for a standard bill of sale to accompany an asset purchase agreement. It includes drafting notes.