Whether you use a template or have a lawyer draft you an entirely new asset purchase agreement depends on your situation. Smaller businesses may find using a template more effective, while corporate officials of larger companies will turn to legal counsel to handle these documents. The great part about asset purchase agreement templates is that professionals draft them. Templates such as these are standardized to work with an abundance of situations. Only a few things need to be changed, so if the situation is less complex, there is no reason not just to use a simple template and fill it out yourself or have someone who knows what they're doing fill it out for you.