Virginia Asset Purchase Agreement Template. When you're involved in buying or selling a business's assets, make sure to utilize an asset purchase agreement.Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement. Buying or selling company assets? Use this Asset Purchase Agreement to finalize the terms of the transaction. Step 1 – Fill Out the Buyer and Seller Information. 1. Seller. Write down the seller's full name. Upon Closing, Buyer will be responsible for acquiring and maintaining appropriate insurance for the protection of the Acquired. 1. REAL PROPERTY: Purchaser agrees to buy and Seller agrees to sell the land and all improvements thereon located in the.