Investment Grade Practices: A Dentist Podcast

Investment Grade PracticesTM are designed to give you the lifestyle you enjoy today, while building an asset for tomorrow. Victoria Peterson, SsD helps dentists build practices that they love today while building value to secure their future.

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VictoriaPeterson

“If you don’t understand a contract when you sign it, chances are it won’t be a useful document when you need it.”

Crazy things will happen to you in your journey as a dental practice owner. Your team will sue you, patients will be upset, and associate relationships will break down. It’s just a part of business ownership that you can’t get away from. The good news is, you can protect yourself and your practice...and it doesn’t have to be confusing. As a business owner myself, I know contracts aren’t that easy to read, but the more documents you look over, the more they will make sense to you. 

I was so grateful to my good friend David Cohen for joining me on the past two podcast episodes to help shine a light on the often murky world of legal contracts. One thing that especially stood out to me was when David encouraged business owners to know when you’re going to need legal advice. 

Please don’t go to the internet and download templates or piece something together. I do know people who have done this. While it may seem like an easy way to handle a contract, it won’t make sense to you when you read it, and worse it probably won’t protect you when you need it to.

So today, I’m sharing some of the techniques I’ve learned as a dental business owner for understanding and building contracts that will protect your Investment Grade PracticeTM including:

    
• When to seek legal advice
    
•  What 3 things you should know about every contract
    
•  Negotiation: what it’s really about