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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements. Unlike stock purchase agreements, asset purchase agreements involve buying the assets of a business, often by a newly formed entity. Typically, the selling business may dissolve if a majority of its assets are sold. Asset sales can benefit buyers through depreciation allowances on the purchase amount, but there are various advantages and disadvantages tied to each party's circumstances. For further questions about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation with a business attorney.