The Model Asset Purchase Agreement with Commentary is the most comprehensive resource available for negotiating and documenting an asset purchase. This Asset Purchase Agreement ("Agreement") is made effective as of December 14,.This short-form asset purchase agreement is for use in the sale of a seller's assets for cash. Seller's interest in the Property includes: (1) Loss. This ASSET PURCHASE AND SALE AGREEMENT (this "Agreement"), dated as of. This form contemplates an asset purchase of a complete business of a privately held seller. It is drafted to strongly favor the buyer.