Navigating a physician partnership agreement can be complex.
The details of your agreement will shape your future career and financial outlook. Physician partnership agreements involve significantly more risk than traditional employment contracts.
Physicians take on more liability.
Unlike an employed position, where compensation and liability are typically set by the employer, partners often assume financial and operational risks, including profit variability, shared liabilities, and long-term commitments.
What is included in a partnership agreement review?
Our comprehensive partnership review covers all critical aspects of your agreement, including:- Partnership Buy-In Terms: Ensure you’re entering into fair and financially sound agreements for ownership or equity stakes.
- Profit-Sharing and Compensation Models: We analyze revenue-sharing models to confirm they align with industry standards and reflect your contributions accurately.
- Profit and Loss Statements: We assess historical profit and loss statements to help you understand the financial health of the partnership and make an informed decision about joining.
- Ownership Rights and Duties: Understand the full scope of your rights, responsibilities, and governance power as a partner.
- Exit Strategy and Buy-Out Clauses: Review your exit options, including buy-out terms and potential restrictions, so you have a clear path forward if your career plans change.
- Restrictive Covenants: Evaluate non-compete clauses and other restrictions that could impact your future career flexibility.
- Liability and Indemnification Clauses: Ensure your liability is minimized and appropriately shared among partners.
- Decision-Making Rights: Understand how major business decisions are made and your role in shaping the practice.