The Asset Purchase Agreement is a legal document facilitating the sale of a business's assets from a Seller to a Buyer. It outlines key aspects of the transaction, including what assets are being sold, liabilities being assumed, and the purchase price allocation. The form is designed to ensure clarity regarding what is included in the sale, such as equipment and inventory, and specifies the terms for payment and any security interests. For ease of use, parties can modify sections to fit their specific circumstances, such as excluding certain assets or detailing warranties. Target users, including attorneys, partners, owners, associates, paralegals, and legal assistants, benefit from utilizing this form to structure asset sales clearly and comprehensively, ensuring compliance with applicable laws. Guidance is provided for proper filling and editing, enhancing the usability of the form. This Asset Purchase Agreement is essential in establishing legal protections and expectations for all parties involved in the transaction.