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In this video, John McGuire of the McGuire Law Firm discusses asset purchase agreements, distinguishing them from stock purchase agreements. He explains that in an asset purchase, the buyer acquires the assets of a business, often through a newly formed entity, while the selling business may dissolve if it sells the majority of its assets. Asset sales can provide benefits to buyers, such as depreciation benefits based on the purchase amount. The advantages and disadvantages of asset purchases depend on whether one is the purchaser or seller. For inquiries on asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.