The document outlines an Asset Purchase Agreement tailored for buyers and sellers engaged in real estate transactions in Virginia, specifically focusing on for-sale-by-owner (Fsbo) forms with realtor. Key features of the form include detailed sections on asset identification, liabilities assumed, and purchase price allocations, ensuring clarity for both parties involved. It emphasizes the importance of enumerating excluded assets and terms related to the payment of the purchase price, along with any existing security interests. The form provides filling and editing instructions to assist the parties in accurately capturing their intended agreements, including the need for notarization and signatures. Specific use cases for attorneys, partners, owners, associates, paralegals, and legal assistants include representing clients in asset purchases, ensuring compliance with state laws, and negotiating favorable terms. Additionally, the form facilitates a structured approach to asset transactions while addressing liabilities and obligations, making it invaluable for legal professionals in real estate. Overall, this agreement serves as a comprehensive tool for those involved in the real estate market in Virginia, fostering transparency and safeguarding the interests of both buyers and sellers.