The Asset Purchase Agreement is a crucial legal document for realtors in Dallas engaged in the sale of businesses through For Sale By Owner (Fsbo) models. It outlines the terms under which a Seller transfers assets to a Buyer, detailing the specific assets involved, purchase price, and liabilities incurred. Key sections include comprehensive instructions on modifying the agreement to fit individual circumstances and the importance of removing non-applicable provisions. This form serves various use cases, aiding attorneys, paralegals, and legal assistants in preparing legally binding agreements with clear allocation of responsibilities and covenants. Users are guided to ensure that all representations, warranties, and conditions are satisfied at closing. Additionally, the form emphasizes the need for legal compliance regarding licenses and permits, making it an essential tool for owners and associates looking to facilitate smooth transactions. By adhering to the provided templates, realtors can better support their clients in navigating the complexities of business sales.