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In this video, John McGuire of the McGuire Law Firm discusses asset purchase agreements, contrasting them with stock purchase agreements. An asset purchase involves buying specific assets of a business, often with the buyer forming a new entity. The seller typically dissolves the business if the majority of assets are sold. This type of sale can benefit the buyer by allowing depreciation on the purchased amount. The pros and cons of an asset sale vary depending on whether you are the purchaser or the seller. For more information or questions about asset purchase agreements, viewers are encouraged to contact the McGuire Law Firm for a free consultation.