Learn the steps for a smooth business partner buyout. Our guide simplifies how to buy out a business partner effectively.Buying out a business partner is a complicated process. A buyout agreement is a binding contract between business partners that establishes the buyout details of one partner exiting the partnership. The formula involves ascertaining your former partner's equity stake, assessing the business worth, and determining the buyout sum. It's not a calculation, it's a negotiation. Verbal agreements can be enforced, but it requires some kind of corroborating evidence (like email) or testimony. In this article, we will explore the intricacies of partner buyouts, including the financing requirements for complete and partial changes.