Buying or selling company assets? Use this Asset Purchase Agreement to finalize the terms of the transaction.The RPA is the foundation of every successful real estate transaction in the state of California. Take advantage of our free Asset Purchase Agreement template that you can download in Word or PDF. An APA, or Asset Purchase Agreement, is a contract in which a buyer and seller agree to the transfer of ownership for an asset at an agreed price. A sample asset purchase agreement is a legal document outlining the provisions overseeing the sale and purchase of specific assets between two parties. Asset Purchase Agreements (APAs) are essential documents for asset sales, but they're far more complex than a simple transaction. An asset purchase agreement documents the terms of the sale of business assets from a seller to a buyer.