Since the buyer receives the amount of the rebate from the owner, the owner can claim the amount in credit to his net tax if he deposits his GST/HST return. BSBs also contain detailed information about the buyer and seller. The agreement covers all pre-negotiation deposits and acknowledges parts of the agreement that have already been completed. The agreement also records the date of the final sale. Eric and Gina owned a three-bedroom house where they lived with their three children. In October 2010, they entered into a purchase and sale agreement with a contractor to purchase a new 4-bedroom house to be built. You intended to use the new house as your main residence because it was much closer to the children`s school and Eric and Gina`s workplaces and had more space. The deadline for submission is July 31, 2011. Both parties should consider the pros and cons of these agreements. To determine whether receivables should be included in an asset purchase agreement and how best to structure the agreement, consider the following factors: Some companies specialize in recovering outstanding funds.