In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. This guide outlines the essential procedures for buying a stake from a business partner.These include creating the motivation behind the buyout. This book has a fillintheblank buyout agreement and instructions on how to incorporate it into your partnership agreement. You may be able to force a buyout of a partner. This is possible because the partners would be considered as a shareholder of the company. Buying out a business partner can be done in several ways. Should it be approved, the asset purchase agreement will keep between 200 and 400 of the Top 100 retailer's stores open.