​​ Typically, the withdrawing owner must first offer their ownership interest to the entity. Sell agreement could be a vital contract for your business.Our legal team can help with the drafting and implementation of this important document. (a) 41 U.S.C. chapter 83 , Buy American-. (1) Restricts the purchase of supplies, that are not domestic end products, for use within the United States. If you're planning a buyout, getting a buyout agreement in place is essential. But how do they work exactly? Virginia transaction attorney shares how to write an effective and legally binding business purchase agreement. Buying out a business partner is a complicated process.