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today in part four of my series on buying and selling businesses we are going to talk about the long-form asset purchase agreement that most letters of intent are contingent upon and what all terms are going to be in the asset purchase agreement that youre gonna have to negotiate before you close on your deal lets do it when it comes to long-form asset purchase agreements remember this is youve nailed in the loi terms youve got your material terms agreed upon now youre going to drop those terms in the long form agreement but theres all these other things you have to have all this legal mumbo jumbo that ends up being super necessary making things a lot easier in the future by solving problems for you just by having clear communication because every single scenario will be addressed in a good contract and thats going to help you avoid litigation okay the six terms the six key parts six key pieces of asset purchase agreements number one is getting those material terms from the loi