Facilitate lease-to-purchase agreements in Michigan with our customizable template. Ensure legal compliance and secure your property with confidence.Asset purchase is to limit the purchaser's responsibility for the liabilities and obligations of the seller. Asset purchase agreements are a useful way to: Carve out certain assets of a business without taking on liabilities or debt obligations. When a business sells its assets, the primary agreement governing the transaction is an Asset Purchase Agreement (the "APA"). RECITALS. THIS ASSET PURCHASE AGREEMENT (the "Agreement"), dated as of January 30,. This article reviews what small business owners need to complete an asset purchase of their business.