In this ultimate guide, we will unravel the mysterious world of buyout agreements and show you stepbystep how to navigate them like a pro. Create a Buy-Sell Agreement in minutes with step-by-step instructions.Use this contract to protect the shares of a business in unforeseen circumstances. Drafting a purchase agreement for buying or selling a business in Texas is a critical step to ensure a smooth transaction. A Texas business lawyer can help you decide what needs to be included in your final buyout agreement. A buyout agreement is an important part of LLC ownership. An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. Drafting a purchase agreement for buying or selling a business in Texas is essential for a smooth transaction. WHEREAS, each of the Sellers wishes to sell, and the Purchaser wishes to purchase, the. Interests, subject to the conditions contained in this Agreement;.