The Model Asset Purchase Agreement with Commentary is the most comprehensive resource available for negotiating and documenting an asset purchase. The Model Asset Purchase Agreement and commentary refer to the buyer and seller as single. "entities"."Excluded Assets" has the meaning given in the Master Purchase Agreement. "Excluded Contracts" has the meaning given in the Master Purchase Agreement. The Model Asset Purchase Agreement and commentary refer to the Buyer and Seller as single "entities". Model asset purchase agreement : with commentary. A Practice Note providing commentary on key terms and conditions commonly found in asset purchase agreements. ASSET PURCHASE AGREEMENT from General Finance CORP filed with the Securities and Exchange Commission.