The Genie AI team provides that you can use to customize your own market-standard buyout agreement with ease – no prior law experience required! A partnership buyout agreement lets you plan what will happen when a partner leaves the business.In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. THIS PARTNERSHIP AGREEMENT is made this ______ day of ______. Edit, sign, and share buyout agreement template online. No need to install software, just go to DocHub, and sign up instantly and for free. 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. What should be included in a buyout agreement? An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement.