This guide will break down the ins and outs of asset purchase agreements for multiple owners, making this complex legal topic more digestible and actionable. Our commercial property solicitors deal with all aspects of asset purchase agreements (APAs) and can act for either buyers or sellers of commercial property.Included as part of intangibles that we purchased is key personnel valued at 300K. A business purchase agreement, also called a "BPA," is a legal contract between a buyer and seller, where the buyer acquires the ownership of a business entity.