Let us help you safeguard your business with a clear, wellstructured buyout agreement. This guide outlines the essential procedures for buying a stake from a business partner.These include creating the motivation behind the buyout. The primary element to address in a buyout agreement is to determine which event can trigger a buyout of one partner's interest in the company. A Florida buyout agreement isn't about buying or selling a company. Review the LLC operating agreement. Create a Buy-Sell Agreement in minutes with step-by-step instructions. Use this contract to protect the shares of a business in unforeseen circumstances. A partnership buyout agreement lets you plan what will happen when a partner leaves the business. 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.