Buyout Agreement: A legal document that outlines the terms and conditions of a transaction in which one party purchases a stake in a business from the other. What should be included in a buyout agreement?Create a Buy-Sell Agreement in minutes with step-by-step instructions. Use this contract to protect the shares of a business in unforeseen circumstances. GCAAR MEMBERS ONLY – Download all the contracts, disclosures, and forms you will need for a real estate transaction in Montgomery County, MD. A Quick Guide to Editing The Buyout Agreement Template. Below you can get an idea about how to edit and complete a Buyout Agreement Template easily.