Appendix A: Site References; Legal Description. The Model Asset Purchase Agreement with Commentary is the most comprehensive resource available for negotiating and documenting an asset purchase.Download Utah Asset Purchase Agreement template, modify and send for signing using BoloForms Signature. The Model Asset Purchase Agreement and commentary refer to the Buyer and Seller as single "entities". This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form. THIS AGREEMENT FOR PURCHASE AND SALE AND TRANSFER OF OPERATIONS (this.