Securing financing for a partner buyout can seem challenging, especially when you haven't done it before. Click here to learn about all of your options.Here are a few alternatives to a full buyout. Partial Buyout: A partial buyout means your business partner will retain some ownership stake in the company. Try to keep emotion out of the process. A buyout agreement lets you plan what'll happen when a partner leaves the business. A buyout agreement is an essential legal document in business transactions, defining the terms and conditions of a deal. A buy and sell agreement ensures the ownership and continuity of a business after a partner's or equity owner's departure. Buying out a business partner doesn't have to be stressful or complicated. Read this guide to see how you can carry out the process with ease.