The Asset Purchase Agreement is a comprehensive document designed for transactions involving the sale of business assets, specifically tailored for a college setting in Palm Beach. This agreement outlines key provisions including the purchase of assets such as equipment, inventory, and goodwill, while excluding certain liabilities and assets like accounts receivable. The purchase price structure is clearly delineated, and payment terms are specified. Attorneys, partners, and legal staff can use this form to ensure that all necessary terms of the asset sale are documented in a legally binding manner. Additionally, the form includes instructions for editing by specifying where to insert details regarding the buyer, seller, and transaction specifics. The targeted audience—attorneys, partners, owners, associates, paralegals, and legal assistants—will find it useful in drafting agreements that comply with legal standards while protecting their client's interests. By including various warranties, representations, and obligations post-closing, the form serves as a robust legal framework for asset ownership transfer, making it particularly relevant for college-related business transactions in Palm Beach.