In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. Contribution Agreement, the Initial Member: (i) made a Capital Contribution to the Company in the form of certain.The below forms are for Franklin Templeton funds. Do NOT use these forms for Western Asset Money funds. General. Download our free Partnership Buyout Agreement template for your business needs. 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.