I hired a paralegal who wrote a demand letter to the defendants and asked them to resolve the matter in either buying me out or let me buy them out. In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more.6 Steps to Successfully Buyout Your Business Partner (i.e. Manage Business Break Up in an Amicable Way!) Learn how to initiate a buyout agreement effectively with this comprehensive guide. My business partner is retiring and has asked that I buy her out. I am fine with her asking price and terms but she said something that has me baffled. Cuyahoga County Law Library, submitting a grant agreement with Statewide Consortium of County Law. Cuyahoga County is responsible for compliance with these laws and regulations. 65 East State Street.