The Asset Purchase Agreement is a formal contract outlining the purchase of business assets between a Seller and a Buyer. It includes critical details such as the description of assets being sold, the purchase price, and terms of payment. This document is designed to facilitate transactions for parties engaging in purchasing businesses. Key features of the agreement cover the transfer of ownership, assumptions of liabilities, exclusions of certain assets, and necessary representations and warranties from both parties. The form should be filled by carefully completing each section, particularly those specifying the assets, liabilities, and terms, ensuring accuracy and completeness before entering into the agreement. For attorneys, it can serve as a robust template for drafting agreements that protect the interests of their clients during asset acquisitions, while partners and owners can utilize it to formalize business transactions. Paralegals and legal assistants will find this form essential for understanding transactional nuances and aiding in due diligence processes. The inclusion of Google Sheets can enhance the document's functionality, allowing for easy data organization and tracking of terms, making it particularly useful in Santa Clara where business transactions are common.