FREE 10+ Buyout Agreement Samples in PDF

Partnerships are common practices when running a business or organization as it brings them benefits such as profits, brand awareness, and more. This practice allows two or more parties involved in the agreement in making decisions and handling the business management of their companies. With an agreement template, business partners can easily understand their roles and responsibilities in the business management of their enterprise. Using an agreement can prevent misunderstanding and miscommunication between the parties involved.

10+ Buyout Agreement Samples

1. Buyout Agreement

2. Homeowner Buyout Agreement

3. Voluntary Buyout Agreement

4. Buyout Agreement Disclosure Form

5. Course Buyout Agreement

6. Flood Buyout Lease Agreement

7. Reneges on Buyout Agreement

8. Tenant Buyout Agreement

9. Sample Buyout Agreement

10. Simple Buyout Agreement

11. Buyout Agreement Template

What is a Buyout Agreement Template?

A buyout agreement template or buy-sell agreement is a contract template used by business partners to establish the buyout details of the partner who wants to exit the partnership. This document can be a standalone or a section of a partnership agreement. A buyout agreement is a document that contains three key parts which are the events that started the agreement, who can buy the departing partner’s interest in the business, and the price and the process to determine the value of the departing partner’s interest.

How to Create a Buyout Agreement?

If you want to continue your company even after the death or withdrawal of a business partner, the owner can establish and sign a buyout agreement with someone who wants to purchase the departing partner’s interest. A buyout contract gives rights to the party to buy the share, assets, or rights of another party at a certain event. This contract can be a separate document or can be a section of a larger contract agreement.

Step 1: Choose a Template for your Agreement

A buyout agreement has various types and depends on whether the parties involved are establishing a partnership, a closely-held company, or an LLC. As a business owner, you can ask other business owners whether they own an agreement you can use as a guide. You can search online for templates you can download and edit according to your needs.

Step 2: Write the Content

After choosing the right template, you can now customize the content of the agreement by changing the font style and size. The common elements that a buyout agreement contains are the Termination of MSA, Considerations, Time and Place of Closing, Release, Representations and Warranties, Governing Law, Notices, and more.

Step 3: Identify the Parties Involved in the Agreement

As the agreement you are drafting is for two or more business entities, identify these parting in your opening paragraph. 

Step 4: Provide the Objective or Purpose of your Agreement

In this step, write a few sentences that explain the purpose of making the buyout agreement. You can state that you want to continue the business when it happens that an owner leaves or withdraw.

FAQs

A buyout agreement template is a common document used in establishing partnerships. This agreement provides details in which the business partners allow a leaving party will sell their ownership for a certain amount of money to another party involved in the agreement. It also provides information on the definable value of the business partnership as well as who is allowed to purchase the interests of the ownership. A buyout agreement can be delivered as a separate document or can be a section in a larger contract.