This book has a fillintheblank buyout agreement and instructions on how to incorporate it into your partnership agreement. If you're planning a buyout, getting a buyout agreement in place is essential.But how do they work exactly? Learn how to initiate a buyout agreement effectively with this comprehensive guide. What should be included in a buyout agreement? There are several ways to structure the financing of your partnership buyout, including lumpsum payments, buyouts over time and earnouts.