In this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. To get the answer for how to write a partnership agreement form in Utah, visit this website and get a free sample agreement.A buyout agreement is a binding contract between business partners that establishes the buyout details of one partner exiting the partnership. This is a legally binding Real Estate Purchase Contract ("REPC"). Utah law requires real estate licensees to use this form. Download our free Partnership Buyout Agreement template for your business needs.