Physician Partnership Agreement

When physicians decide to join forces and establish a partnership, it`s important to have a solid physician partnership agreement in place. This document outlines the expectations and responsibilities of each physician involved in the partnership, as well as the terms of the agreement itself. A partnership agreement helps to avoid potential misunderstandings and conflicts down the line.

Here are some key points to consider when drafting a physician partnership agreement:

1. Partnership structure and ownership: The agreement should clearly outline the structure of the partnership, detailing the percentage of ownership each physician holds, as well as any decision-making processes.

2. Roles and responsibilities: The agreement should clearly outline the roles and responsibilities of each physician in the partnership. For example, one physician may handle administrative tasks, while another may handle patient care.

3. Financial arrangements: The agreement should include details on how profits and losses will be shared among the physicians, including any costs associated with establishing and operating the partnership. It should also outline the payment structure for each physician.

4. Non-compete clause: A non-compete clause may be included to prevent physicians from competing with the partnership while they are part of the agreement.

5. Termination: The agreement should detail the circumstances under which the partnership can be terminated, as well as the process for doing so.

6. Dispute resolution: The agreement should outline the steps to be taken in the event of a dispute or disagreement among the physicians, including any legal action that may be taken.

7. Confidentiality and protection of intellectual property: The agreement should include provisions for protecting any proprietary or confidential information shared among the physicians.

Having a solid physician partnership agreement in place can help ensure the success of the partnership and prevent conflicts from arising among the physicians involved. It`s important to work with legal professionals experienced in physician partnership agreements to make sure all details are covered and accounted for in the agreement.