Form agreement for the purchase and sale of a division or line of business of a private US corporation, drafted in favor of the seller. A notice of claim must be filed in writing.An APA spells out the conditions and terms under which a seller will transfer all of the assets that belong to the business to a buyer. 1.1 Purchase and Sale of Assets. 2. "Property" has the meaning ascribed thereto in the recitals hereto;. "Purchase Price" has the meaning ascribed thereto in Section 7 hereof;. Form of Asset Purchase Agreement. Attached as Exhibit. Form agreement for the purchase and sale of a division or line of business of a private US corporation, drafted in favor of the buyer.