A phased buyout will occur with one spouse transitioning out of the business as liquidity becomes available; The spouses will sell the business. Three persons own a property.Two of the three want to buyout a partner and take him off title. Whether through settlement or court order, we guide you through the final steps of dividing assets, dissolving the business, or completing the buyout process. To complete the application, both partners must go to the Office of the City Clerk in person. You must bring your confirmation number with you. Partner buyout legal advisory letting you navigate the complexities of business partner buyouts. What are the steps needed to get married in New York? Considering offering or accepting a lease buyout? If you have questions, give our firm a call.