In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. A buyout agreement lets you plan what'll happen when a partner leaves the business.North Carolina partnership agreement printable copy is available for free download. Create a Buy-Sell Agreement in minutes with step-by-step instructions. Use this contract to protect the shares of a business in unforeseen circumstances. North Carolina Partnership Agreement Template. Utilize our Partnership Agreement template to outline the terms of a business partnership. Download our free Partnership Buyout Agreement template for your business needs.