If you're planning a buyout, getting a buyout agreement in place is essential. But how do they work exactly?The property and improvements which the Seller is agreeing to sell and which the Purchaser is agreeing to purchase is known as. Determine the purchase price and payment terms. Decide whether the transaction will be an asset purchase or a stock purchase. In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. Highlights. A limited liability company (LLC) must disclose all owners until full disclosure of ultimate ownership to the natural persons. 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. ARTICLE II PURCHASE AND SALE OF SHARES, 6 ; Section 2.01, Purchase and Sale of Shares, 6 ; Section 2.02, The Shares, 6 ; Section 2.03, Required Filings, 6.