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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements. Unlike stock purchase agreements, an asset purchase agreement involves buying the assets of a business. Typically, the purchasing business has formed a new entity, while the selling business may dissolve after the sale of its majority assets. Asset purchases can be advantageous for buyers, particularly regarding depreciation on the purchase amount. The benefits and drawbacks of an asset sale can vary based on whether you're the buyer or the seller. For additional questions about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.