The Asset Purchase Agreement is a crucial document for realtors engaged in FSBO (For Sale By Owner) transactions in Cook, outlining the terms and conditions under which assets of a business are sold. This form includes sections detailing the assets to be purchased, liabilities assumed by the buyer, excluded assets, purchase price allocation, and payment structure. It also addresses warranties and representations made by both seller and buyer, ensuring that both parties understand their obligations and the condition of the assets being transferred. For the target audience, including attorneys, partners, owners, associates, paralegals, and legal assistants, this agreement provides a structured approach to asset sales, ensuring compliance with legal requirements and minimizing risks. Users are guided to complete sections relevant to their specific transaction while removing non-applicable provisions. Moreover, filling instructions can assist those with minimal legal experience in ensuring the accuracy and completeness of the agreement. This document serves as a vital tool for negotiating and finalizing asset purchases, applicable in various business scenarios, particularly in the real estate market.