The Asset Purchase Agreement as is in Fulton outlines the terms under which a buyer acquires the assets of a seller's business in its present condition. Key features include a detailed listing of assets being sold, the purchase price allocation, and the responsibilities regarding liabilities and excluded assets. To fill out the form, users must modify the template to reflect their specific details, such as the buyer and seller's names, asset descriptions, and financial specifics. This agreement is useful for attorneys, partners, and business owners who are engaging in asset transactions, ensuring they safeguard interests while transferring business assets effectively. Additionally, paralegals and legal assistants can leverage this form to streamline documentation, aiding in the preparation of closing documents, and ensuring compliance with relevant laws. Overall, the form serves as a comprehensive framework for asset transfers, protecting both parties' interests during the transaction process.