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In this video, John McGuire from the McGuire Law Firm discusses asset purchase agreements, contrasting them with stock purchase agreements. He explains that in an asset purchase, a business buys the assets of another, often from a newly formed entity, while the seller may dissolve if selling a majority of assets. Asset sales can offer benefits to buyers, such as depreciation advantages, but have varying pros and cons depending on the specific situation and the roles of the purchaser and seller. For further inquiries about these agreements, viewers are invited to contact the McGuire Law Firm for a free consultation with a business attorney.