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In this video, John McGuire of the McGuire Law Firm discusses asset purchase agreements. Unlike stock purchase agreements, asset purchase agreements involve buying the assets of a business. Typically, the purchasing business has formed a new entity, while the selling business may dissolve if it sells the majority of its assets. An asset sale can provide benefits to the buyer, such as depreciation allowances based on the purchase price. However, the advantages and disadvantages vary depending on whether you are the buyer or seller. For questions about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.