This guide will break down the ins and outs of asset purchase agreements for multiple owners, making this complex legal topic more digestible and actionable. An APA not only describes the assets to be purchased but also important details like price, warranties, and breach of contract.An asset purchase agreement, or asset sale agreement, should contain details about the business, buyer, seller, and assets acquired through the transaction. The purchase agreement must be carefully drafted and customized for these economic details. Seller will sell to Buyer, free from any and all liens, encumbrances or liabilities, the Assets. Form of Asset Purchase Agreement. Attached as Exhibit.