Eligible Illinois residents can now file a claim in a class action settlement following a lawsuit that was filed against Google alleging privacy violations. In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more.You (or the purchaser or transferee) must complete Form CBS-1, Notice of Sale, Purchase, or Transfer of Business Assets. Stepbystep guide on how to write contracts for leases, business partnerships, and employment contracts. A judge approved a multimillion dollar classaction settlement involving Google over a violation of Illinois' Biometric Privacy Act. A buyout agreement outlines the procedure that must be followed if a member of your limited liability company (LLC) wants to sell his or her ownership stake. A buysell agreement is a legally binding contract that sets out the terms of how business partners will manage their ownership if one of them leaves. Make sure your address meets the guidelines. Fill out the contact form on the Help Centre.