This article will delve into what BuySell Agreements are, how to determine when you need one, their benefits and potential drawbacks for small business owners. This is a critical business contract.Learn how to initiate a buyout agreement effectively with this comprehensive guide. In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. San Diego Buy Sell Agreement Lawyer - Purchase And Sale Of Business. Integrated legal, tax, accounting, free consult 866-631-3470. Whether you are a business buyer or seller, contact San Diego Corporate Law for a consultation to discuss your business sale options. A Purchase and Sale Agreement for a Business sets out the final transaction between a buyer and a seller of a business. It is generally fairly detailed. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement.