A partnership shall defend, indemnify and hold harmless a person dissociated as a partner whose interest is being purchased against all partnership liabilities. Download Pennsylvania Partnership Agreement template, modify and send for signing using BoloForms Signature.In Pennsylvania, buyout terms may be outlined in the preexisting buysell agreement as part of the signed partnership agreement. Explore LLC member buyout agreements with FindLaw. Understand ownership changes, legal steps, and transfer processes in simple terms. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. If you have an operating or partnership agreement with a buyout provision, you may be able to force your business partner to buy you out.