The agreement describes the assets that will be purchased, including important details like price, warranties, and breach of contract provisions. 1.4 Allocation of Purchase Price.The Purchase Price shall be allocated among the Assets acquired in accordance with Schedule 1.4. The most important document in an asset deal is the Asset Purchase Agreement (the "APA"). In this article, I will discuss the key provisions of an APA. Ensure a successful asset acquisition with our detailed asset purchase agreement checklist, covering all critical steps from agreements to finalization. Both parties agree on a price, terms, deal structure, and other details of the transaction. In an asset purchase transaction, the vendor is the company that owns the assets being sold. 2.03 Purchase Price.