Like a prenuptial agreement preceding a marriage, having a standing partnership buyout agreement can expedite the process when things end. This guide outlines the essential procedures for buying a stake from a business partner.These include creating the motivation behind the buyout. The agreement should include complete and up- to-date financial statements, showing the partnership's assets, liabilities, and financial performance. There are several ways to structure the financing of your partnership buyout, including lumpsum payments, buyouts over time and earnouts. Putting Together a Payment Structure​​ Partners can structure a buyout payment in a few ways. A partnership agreement is a broad term to describe the contract between the owners of a business. Most partners actually sign an Operating Agreement.