Use a Business Bill of Sale to set out the terms for the sale of a business and transfer the ownership and all assets to the buyer. This contract is a legally binding document outlining the terms and conditions for the sale of a business and its assets.Download Illinois Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. Other than the Excluded Assets, Seller shall sell, transfer, convey, assign and deliver to Buyer, and. An asset purchase agreement sample is a template providing the foundation for creating a legal contract between a buyer and a seller in a business transaction. This is a sample asset purchase agreement, for the sale of the seller companies' corporate assets to a buyer company. I uploaded a simple asset purchase agreement to Docracy and thought I'd share it here. I drafted it with very small businesses in mind.