If you're planning a buyout, getting a buyout agreement in place is essential. But how do they work exactly?Detailed information on the target business is required, so that the buyer is in a better position to: • Confirm the value of the target business or assets and. The Department can enter into tax agreements with specific government entities. A buyout agreement outlines how one partner can purchase the leaving partner's shares in the collectively owned business. Buyout Agreement: A legal document that outlines the terms and conditions of a transaction in which one party purchases a stake in a business from the other. In Mexico, a business can be purchased through a share purchase, an asset purchase, a merger or a combination of those transactions. Find your next opportunity with the County. Discover current County contracts open for bidding through Periscope, our official bid solicitation system.