Learn how to initiate a buyout agreement effectively with this comprehensive guide. 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 this guide, we will explain what buying out a business partner means, how to prepare to buy out a business partner, and more. A buyout agreement lets you plan what'll happen when a partner leaves the business. A detailed buysell agreement, negotiated at the start of the partnership, can ease the burden of buyout. In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. This guide outlines the essential procedures for buying a stake from a business partner. These include creating the motivation behind the buyout. A partner buyout can be a timesensitive situation, a hard money lender like Socotra Capital is the best choice to help you quickly finance the buyout. When drafting a buyout agreement, you should be sure to address specifics pertaining to your business and what will happen upon the departure of an owner.