In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. At the Meeting, Shareholders will be asked to consider and if thought fit, to pass a special resolution (the.A buysell agreement is a legal contract that outlines the process for the entry or exit of a company shareholder. 6 Steps to Successfully Buyout Your Business Partner (i.e. Manage Business Break Up in an Amicable Way!) Business Buyout Agreements is updated with the latest laws, and includes a complete business buyout agreement on CD-ROM. In Canada, a spousal buyout cannot happen without this agreement. This agreement will also explain how assets will be divided, including the mortgage. SUNY is here to help you understand the process, navigate delays, and complete your FAFSA as you apply to any SUNY school.