This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.Download Georgia Partnership Agreement template, modify and send for signing using BoloForms Signature. Review the LLC operating agreement. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. This book has a fillintheblank buyout agreement and instructions on how to incorporate it into your partnership agreement. This agreement sets forth the rights, responsibilities, and contributions of each partner and provides clarity on various aspects of the real estate venture.