The Purchase Agreement format in Fulton is a comprehensive legal document that details the terms and conditions regarding the sale of business assets from a Seller to a Buyer. Key features include the identification of assets being sold, the purchase price allocation, and the responsibilities of both parties, including any assumptions of liabilities. The form includes sections for warranties, representations, and covenants, which ensure that both parties fulfill their obligations. Users are guided to edit the document by deleting non-applicable provisions and modifying sections to fit their specific situation. For attorneys, this form serves as a foundational tool for facilitating asset sales, while partners and business owners may utilize it to protect their interests in transactions. Paralegals and legal assistants can leverage the template for drafting and organizing documents, streamlining the overall process for effective compliance and record-keeping.