A Business Buyout Proposal is a document that outlines the details of an offer to purchase a business. This written agreement outlines the terms of the buyout, including the purchase price, payment terms, structure and liabilities. It also includes information about the purchaser’s knowledge, experience and resources related to the purchase. The purpose of a business buyout proposal is to provide clarity between two parties and make sure that all conditions are agreeable before exchanging contracts. Ultimately, it allows a buyer and seller to come to a mutually beneficial conclusion in a cost-effective and efficient way.