The Overlooked Basics
The Overlooked Basics
A summary of what every dental practice owner should know and implement in the day to day operations of their practice.
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Provisions to Include in an Associate Contract

Provisions to Include in an Associate Contract

7/11/2019 7:18:00 AM   |   Comments: 0   |   Views: 67
                                        
All dental associate contracts should include the following items:
                                        
            
                    
  1. Restrictive Covenants - protects confidential information including: patient source lists, referral source lists, non-competition within a geographic radius, non-solicitation of patient and referral sources, and non-solicitation of staff or services
  2.                 
  3. Associate Compensation - dollar amount per month for full-time or a percentage of adjusted production
  4.                 
  5. Discretionary and Other Bonuses - states the bonus formula based on productivity or quality and overall performance                 
                          
    • includes other bonuses pertaining to signing, relocation, and student loan
    •                 
                    
                          
    • states the predetermined period of time to remain with the practice to avoid repayment
    •                 
                    
  6.                 
  7. Expenditure of Time - defines the designated work schedule
  8.                 
  9. Direct Business Expenses, Benefits, and Insurances - usually paid by the practice for full-time associates
  10.                 
  11. Liability Insurance - states specified coverage limits                 
                          
    • usually paid for by the practice for full-time employees
    •                     
    • should cover the practice as a "named" insured
    •                 
                    
  12.                 
  13. Vacations and Time Off - provides guidelines for paid or unpaid time off for each 12 months of the employment term (cumulative vs. non-cumulative, amount of notice needed, etc.)
  14.                 
  15. Termination of Employment - includes discretionary termination provision without notice by either party for the first 6 months of employment and a notice provision
  16.             
            


OBERMAN LAW FIRM 

Stuart J. Oberman, Esq handles a wide range of legal issues for the dental profession including cyber security breaches, employment law, practice sales, OSHA, and HIPAA compliance, real estate transactions, lease agreements, noncompete agreements, dental board complaints, and professional corporations.
 
For questions or comments 
regarding this article 
please call (770) 554-1400
or visit 
www.obermanlaw.com
 
 Email Emily Scarborough at emily@obermanlaw.com to hear Stuart J. Oberman, Esq speak at your next event.

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