Buyout agreement terms, specifying the process and timeline for completing the sale of partnership interest. Negotiating Withdrawal Terms.THIS PARTNERSHIP AGREEMENT is made this ______ day of ______. In this article, we will explore the key steps involved in negotiating a partner buyout agreement in an LLP. We offer a large range of business sale agreements, some customised for the sale of particular types of business. What should be included in a buyout agreement?