This factsheet explains the components of operating agreements for limited liability companies. A business sale agreement is a legal document that describes and records the price and other details when a business owner sells the business.This written contract delineates the terms and conditions of a sale, encompassing various aspects such as goods, services, pricing, and transaction particulars. INTRODUCTION: These guidelines are provided to assist agents and attorneys who are completing the Offer to Purchase and. These Buy with Prime Conditions of Use (this "Agreement") contain the terms and conditions that govern your access to and use of the Services (as defined below) A buyout agreement protects business owners when a coowner wants or has to leave the company and protects the owner who's leaving.