A buyout agreement is a binding contract between business partners that establishes the buyout details of one partner exiting the partnership. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement.A BuySell agreement can help all business partners determine what will happen in case of certain circumstances. It is a legal agreement between the owners of a business that governs what happens if a partner dies, retires, or otherwise leaves the business. The Property Owner agrees to utilize the Purchase Price to carry out or cause to be carried out the exterior rehabilitation work (the "Scope of Work") on. An Arizona residential purchase agreement is a legal document outlining the terms and conditions for a buyer's purchase of residential property from a seller. Residential Resale Transaction Forms. This particular contract dictates the purchase and sale of real estate in Phoenix and throughout the state.