Let us help you safeguard your business with a clear, wellstructured buyout agreement. 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.When drafting a buyout agreement, you should be sure to address specifics pertaining to your business and what will happen upon the departure of an owner. In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. The right structure can impact everything from taxes and liability to growth potential. Understanding these factors will help you make informed decisions. This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout.