Category: Non-Compete
Is My Non-Compete Agreement Enforceable?
A non-compete agreement is a standard provision in healthcare contracts. Non-competes are in nearly every employment agreement and practice sale agreement. These agreements also often include other restrictive covenants, such as non-solicitation agreements. The non-solicitation provisions often prevent a doctor from poaching patients and staff. However, the non-compete agreement prevents…
Making Sure Everyone Is On The Same Page: Letters Of Intent
When you are buying or selling a healthcare practice, even simple, straightforward transactions can become needlessly complex. Miscommunications and misunderstandings over key terms of the transaction can emerge, requiring the parties to spend unnecessary time, energy, and money on attorneys’ fees to resolve disputes. One of the best ways to…
Anatomy Of The Asset Purchase Agreement Part 4: Non-Compete And Non-Solicitation Agreements
Our previous posts in this series looked at different ways you can structure the exchange of assets in a practice purchase agreement. This post will look at a different topic: how non-competes can be structured so that a buyer can preserve the value of his investment in the practice, while…