Download our free Partnership Buyout Agreement template for your business needs. This guide outlines the essential procedures for buying a stake from a business partner.These include creating the motivation behind the buyout. 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. The text 'Using Microsoft Word for templates offers the advantages of a user-friendly interface, versatile formatting options, and compatibility with a wide range of document types, simplifying the creation of professional and customizable documents. Please complete the form below to create the Partner Buyout Agreement Template. All fields must be filled out to ensure a clear and complete agreement.