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H&H Draft of 092309 ASSET PURCHASE AGREEMENT by Form

H&H Draft of 092309 ASSET PURCHASE AGREEMENT by Form

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hi this is john mcguire with the mcguire law firm in this video i'm going to talk a little bit about an asset purchase agreement so i've talked about a stock purchase agreement and an asset purchase agreements basically you are buying the assets of a business and generally the business that is purchasing these assets has formed a new entity so the assets uh the business selling the assets usually will be dissolving if in fact they are selling the majority of their assets an asset sale can be beneficial sometimes to the um the buyer because they will be allowed to take the amount that they are purchasing the purchase amount for depreciation purposes there's other advantages and disadvantages depending upon the facts and circumstances generally it's going to be based on what party you are the purchaser or the seller if you have any questions regarding this type of agreement please feel free to contact the mcguire law firm to speak with a business attorney

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