The Asset Purchase Agreement is a formal document developed for the sale of business assets in Florida, specifically tailored for sellers and buyers during such transactions. Key features include the detailed listing of assets to be purchased, purchase price allocation, and a structured payment schedule. The form also outlines the liabilities assumed by the buyer, conditions for the seller's operation prior to closing, and necessary warranties and representations by both parties. For attorneys, paralegals, and legal assistants, this agreement serves as a critical tool to facilitate the transfer of assets while ensuring that all legal bases are covered. Each section provides clear instructions on the responsibilities of both parties and addresses potential contingencies, making it user-friendly and adaptable to various business contexts. This form is especially useful for those involved in real estate transactions as it outlines procedures for liability assumption, asset transfer, and indemnification, making it a comprehensive resource for legal professionals and business owners alike.