The Asset Purchase Agreement is a critical legal document for parties involved in an asset transaction in Ohio. It outlines the terms under which the seller transfers ownership of specific business assets to the buyer while delineating liabilities that the buyer will not assume. Key features include detailed sections on the assets being purchased, the purchase price, and payment terms. The agreement also specifies excluded assets, representations, warranties, and covenants from both parties. Filling out the form requires accurate information regarding the parties involved and the assets discussed, ensuring compliance with Ohio laws. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants, as it provides a standardized framework to negotiate and document critical asset transactions. This agreement can be utilized in mergers, acquisitions, and business sales, safeguarding the interests of both buyers and sellers throughout the transaction process.