The Model Asset Purchase Agreement with Commentary is the most comprehensive resource available for negotiating and documenting an asset purchase. Model asset purchase agreement : with commentary.Free fillable forms: City of Oakland. Non-Federal Agency (CA) Sign up. This model agreement points out several, but it does not delve into the more complicated tax issues. Responsibility: Committee on Negotiated Acquisitions. This Addendum is intended for use in the City of Oakland. Please also review the separate. A Practice Note providing commentary on key terms and conditions commonly found in asset purchase agreements. The California Department of Real Estate has published this booklet in response to an apparent need for information concerning disclosures.