THIS AGREEMENT OF PURCHASE AND SALE is made effective this _____ day of. If your business partner does not agree to separate, you may have to take several steps.The Department presently has agreements with ten of the twelve federally recognized Indian tribes in Michigan. What should you include in a buysell agreement? Let's have a look at some of the elements that make up a common buy-sell agreement in Michigan. This STANDARD CONTRACT ("Contract") is agreed to between the State of Michigan. A share purchase agreement (SPA) sets out the terms of a sale of company shares. Here are the main terms. In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more.