An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. Use our real estate partnership agreement to detail all the key information if you're looking to go into a partnership to buy or manage real estate.Our free Michigan partnership agreement forms offer the much-needed direction as to how to create a legally binding agreement. Review the LLC operating agreement. 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 book has a fillintheblank buyout agreement and instructions on how to incorporate it into your partnership agreement.