The document provides a detailed Asset Purchase Agreement, primarily focusing on the difference between an asset sale and a business sale in Houston. An asset sale involves the buyer acquiring specific assets and liabilities of the seller, rather than the entire business structure. Key features of the agreement include the identification of purchased assets, assumptions of liabilities, and stipulated purchase prices linked to different asset categories. Filling out the form requires precise details about the sale, including parties' names, asset lists, and payment terms. It serves as a legal foundation for the transaction, ensuring both parties uphold their agreed obligations. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need a straightforward framework to facilitate transactions, draft necessary agreements, and ensure compliance with legal standards in Houston.