You are required to comply with all the regulations that are applicable in the state in which you are selling or recommending the purchase of an annuity. An APA not only describes the assets to be purchased but also important details like price, warranties, and breach of contract.Our eApp helps you get the contract issued quickly and painlessly. It's the easy, fast and smart way to submit your business! An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. The purchase agreement must be carefully drafted and customized for these economic details. TABLE OF CONTENTS. Page.