Putting Together a Payment Structure​​ Partners can structure a buyout payment in a few ways. Learn the steps for a smooth business partner buyout.Our guide simplifies how to buy out a business partner effectively. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. If you have an operating or partnership agreement with a buyout provision, you may be able to force your business partner to buy you out. Need to write a partnership agreement? Click here to follow a step-by-step guide and learn the 6 key elements that must be included in 2023. This book has a fillintheblank buyout agreement and instructions on how to incorporate it into your partnership agreement. WHEREAS, each of the Sellers wishes to sell, and the Purchaser wishes to purchase, the. Interests, subject to the conditions contained in this Agreement;.