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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements. He contrasts these with stock purchase agreements, emphasizing that in an asset purchase, the buyer acquires the assets of a business, often necessitating the formation of a new entity. The selling business may dissolve if a majority of its assets are sold. Asset sales can offer benefits to buyers, such as depreciation advantages, though there are various pros and cons based on whether one is a purchaser or a seller. For further inquiries about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation with a business attorney.