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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 acquiring the assets of a business, usually by a newly formed entity. The selling business often dissolves if it sells the majority of its assets. An asset sale can benefit the buyer, as they can claim depreciation on the purchase amount. There are various advantages and disadvantages to consider, depending on whether one is the purchaser or the seller. For further inquiries regarding asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.