A buyout agreement outlines how one partner can purchase the leaving partner's shares in the collectively owned business. A buyout agreement outlines the procedure that must be followed if a member of your limited liability company (LLC) wants to sell his or her ownership stake.To download a specific Request for Proposal (RFP) or other solicitation, please click on the relevant Comptroller's Office's bureau tab below and then fill out A Business Purchase Agreement is entered into between a seller and purchaser for rights to the business. In order for us to determine how to best assist you, we ask that you fill out the form below.