The Asset Purchase Agreement is a legal document utilized in Bexar for the acquisition of business assets, outlining the terms between the seller and buyer. Key features include a detailed description of assets being purchased, excluded assets, and the purchase price allocation. This form also specifies payment terms, the covenants and warranties of both parties, and conditions for closing the transaction. It is particularly useful for attorneys who need to draft or review contracts and for business owners looking to sell or acquire business assets securely. Paralegals and legal assistants can benefit from clear filling and editing instructions provided within the template. Key use cases involve transitioning ownership in business sales or mergers, ensuring legal compliance, and protecting the interests of all parties involved by defining liabilities and responsibilities. This agreement serves as a crucial tool for ensuring that all legal requirements are met and that both parties are in agreement before closing a sale.