Other than the Excluded Assets, Seller shall sell, transfer, convey, assign and deliver to Buyer, and. A buyout agreement is a binding contract between business partners that establishes the buyout details of one partner exiting the partnership.Call The Byrd Law Firm's Houston attorneys for the legal representation you need. Purchase agreements are legally binding contracts used to guide the transition of ownership in a business or the sale of its assets. Our knowledgeable Houston shareholder buyout agreements attorney can help you draft these agreements to ensure their successful implementation. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. THIS ASSET PURCHASE AGREEMENT (this "Agreement") is made and entered into as of. These typical agreements may include: (i) an escrow agreement, (ii) a bill of sale, and (iii) an assignment and assumption agreement.