Buyout Agreement: A legal document that outlines the terms and conditions of a transaction in which one party purchases a stake in a business from the other. The Buyer desires and intends to acquire the Shares from the Shareholders at the price and on the terms and subject to the conditions set forth below.Use and store this free template to specify obligations between sellers and buyers. From drafting to signing, Contractbook is with you every step of the way. What should be included in a buyout agreement? BUYER agrees to purchase and SELLER agrees to sell the real property, and the improvements thereon, commonly known as: , in the County of. This year, the Cook County Clerk's Office will be accepting forfeiture sale mailing notice requests starting July 1, 2022,.