He graduated from the Machinery Manufacturing Technologies Department of the Azerbaijan State Oil Academy.

In 1979, he was hired as the Senior Engineer at Azerbaijan Main Renovation and Special Construction Department and then worked in the management of Azərsantexquraşdırma, a subsidiary of the same organization.

On December 2, 2005, he was elected the Speaker of the National Assembly by the members of the parliament and re-elected on November 29, 2010.

He was granted the Medal of Honor by respective decree of President Ilham Aliyev in 2014.

During his 14 years in parliament, Asadov earned an annual salary under $30,000 and was not allowed to work in the private sector.