Sell agreement could be a vital contract for your business. Our legal team can help with the drafting and implementation of this important document.An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. Explore LLC member buyout agreements with FindLaw. Understand ownership changes, legal steps, and transfer processes in simple terms. The agreement should include complete and up- to-date financial statements, showing the partnership's assets, liabilities, and financial performance. A buyout agreement is a binding contract between business partners that establishes the buyout details of one partner exiting the partnership.