The Asset Purchase Agreement outlined in the document serves as a formal contract between a seller and buyer for the transfer of business assets. Key features of this agreement include the comprehensive specification of purchased assets, the allocation of purchase price, and the obligations of both parties at closing. Fillable fields are provided throughout the document for users to insert specific details such as dates, names, and values, ensuring customization to individual circumstances. Target users, including attorneys, owners, and legal assistants, may find this form particularly useful for structuring asset transfers in real estate and business sales, especially within the Phoenix area. Clear instructions facilitate the editing and filling process, making it accessible for individuals with minimal legal experience. Notably, the agreement includes provisions for liability assumptions and indemnification, vital for protecting both parties involved. This form captures essential legal language while allowing for flexibility in the transaction details, making it an indispensable tool for those navigating asset purchases.