buyout agreement

Definition of "buyout agreement"
  1. A contract where one involved party is released from their responsibilities in return for financial compensation to the opposite party
How to use "buyout agreement" in a sentence
  1. The tenant decided to move out early and proposed a buyout agreement to the landlord.
  2. The company secured a buyout agreement to end a failing contract early.
  3. After years of disagreement, the two partners decided on a buyout agreement to dissolve their financial ties.

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