This guide will break down the ins and outs of asset purchase agreements for multiple owners, making this complex legal topic more digestible and actionable. 1. Purchase of Assets.Form agreement for the purchase and sale of all or substantially all of the assets of a private Texas corporation, drafted in favor of the buyer. An asset purchase agreement is the legal document that will govern the transfer of ownership of a business's assets from the seller to the buyer. Buyer desires to purchase the RS Property and certain other real and personal property from Seller, which shall be used in connection with the Campus.