The Asset Purchase Agreement form is tailored for use in real estate transactions, specifically designed for FSBO (For Sale By Owner) situations in Queens for 2023. This form facilitates the sales process by outlining the terms under which the buyer will acquire all assets associated with a seller's business, including equipment, inventory, and goodwill. It includes sections on the assets purchased, liabilities assumed, and purchase price allocation. Users are guided to modify the agreement to fit specific facts, ensuring relevance to individual transactions. Key instructions prompt users to delete any non-applicable provisions and fill in the blanks concerning the buyer and seller details. Legal professionals (attorneys, paralegals, etc.) may find this form useful in advising clients through the asset transfer process, while owners and associates can utilize it to ensure compliance with legal requirements. Moreover, the clear structure aids in understanding obligations and rights, making it accessible for those with limited legal experience.