Salt Lake City, UT 84111. With a copy provided to: Attn: (d).An asset purchase agreement is a written legal instrument that formalizes the purchase of a business or significant business asset. Within three (3) business days following the Effective Date, Buyer shall deliver to Escrow. The Asset Purchase Agreement Checklist outlines important considerations for buying or selling a business, including assets, liabilities, and contracts. "Documents" is defined in Section 3.2.1.