RECITALS. THIS ASSET PURCHASE AGREEMENT (the "Agreement"), dated as of January 30,. 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.Buying or selling company assets? Use this Asset Purchase Agreement to finalize the terms of the transaction. An asset purchase agreement, or APA, is a legal document that allows a business to sell its tangible or intangible property to another party. Selling a property in Michigan?