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an asset purchase agreement is a legal document that sets out the terms and conditions of a sale from one party to another it outlines the assets that are being sold the price of the sale and any contingencies that must be met in order for the purchase to be completed the agreement also defines the rights and obligations between the parties including warranties or indemnities that may be provided typically the asset purchase agreement is used for the sale of business real estate intellectual property and other tangible assets it is important that the agreement be drafted by a qualified attorney in order to ensure that all parties understand their obligations and that the agreement is valid and enforceable when you need an asset purchase agreement lawyer call Jeremy Eveland 801-613-1472