It means that one party contributes funds to purchase certain rights to the other party's works, trademarks, patents, etc. at one time, and the other party gives up the above rights after the transfer.

Buyout is a market operation behavior. Generally speaking, it refers to the purchase of other people’s labor or labor products in the form of currency, and the exclusive rights, ownership, and management rights in a certain area or for a certain period of time.

Such as: buyout contract, buyout copyright, etc.

Example:

Buyout contract means that the player and the team have signed a contract for several years. When the contract has not expired, the team or the player unilaterally breaks the contract. , the action of "buying out the contract" is simply to pay liquidated damages.

The amount of liquidated damages is stipulated in the signed contract. However, if both parties intentionally violate the contract, the team will only pay part of the entire liquidated damages, formally eliminating the contract.

The player is freed from the constraints of the contract period and can carry out trading activities with other teams to realize his own value. For the team, the player-limited quota is freed up and he can freely play. The market continues to sign players of choice or to fill gaps in the team.