The Asset Purchase Agreement is a legal document designed for transactions involving the purchase of assets from a seller, specifically tailored for a college context in Miami-Dade. This agreement outlines the specifics of the asset purchase, detailing what assets are included, the purchase price, and the responsibilities of each party involved. Key features include sections on the assets being purchased, liabilities not assumed by the buyer, payment structure, and closing conditions. It allows users to clearly define what assets are being sold and any exclusions, such as accounts receivable or cash. Filling instructions emphasize completing required fields, particularly regarding the purchase price and asset descriptions, and users should ensure clarity in all representations. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants engaged in asset transactions, providing a structured approach to ensure both parties' rights and obligations are clearly articulated. Use cases include transactions where educational institutions acquire equipment, supplies, or other necessary assets to support their operations while minimizing risks associated with liabilities.