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hi my name is Aaron tenor welcome to buy sell basics have been representing businesses in buy sells for 30 years Ive handled hundreds of buy-sell agreements Im an attorney and a partner with gray Duffy LLP and this is the second in a series of webinars on buy sell basics the first webinar was about three different kinds of I sell agreements if you missed it you can view it at our website wwlp.com the next three webinars will be about stock sale and purchase agreements shareholder agreements and real property purchase agreements this webinar is about asset purchase agreements lets get started most buyers prefer asset a purchase agreement so for stock purchase agreements because its a way to avoid assuming the sellers liability when you buy stock youre buying all the assets and liabilities when you buy just assets you can pick and choose what liabilities you want but the limited exposure is not automatic its the result of a carefully crafted agreement and properly handled transact