The term may apply more generally to the purchase by one party of all of the rights of another party with respect to an ongoing transaction between the two. For example, an employer may buy out an employee's contract by making a single prepayment, so as to have no ongoing obligation to employ the person. A landlord may buy out the remainder of a tenant's lease, effectively paying them to vacate. Contracts may have an explicit buyout provision setting forth the terms or price. In the alternative the matter may be negotiated by the parties. If the entire operation is not purchase, the remainder is referred to as a Stub .
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