Category: Uncategorized
CARES Act: Financial Relief for Doctors and Other Small Business Owners as a result of COVID-19
The CARES (Coronavirus Aid, Relief and Economic Security) Act was enacted into law on March 27, 2020 to help provide financial stability and relief for individuals and businesses affected by COVID-19. While the bill is very broad and addresses a number of areas and industries, we believe the following are…
Considerations When Purchasing A Dental Practice
After spending years in dental school and perhaps working for some time as an associate in another practice, you are finally ready to purchase your own practice. Buying a practice is, for many dentists, the most important decision of their careers, and it can be an intimidating task to take…
Estate Planning Essentials for Doctors and Dentists
In a previous post, we discussed how a carefully drafted practice agreement can protect your practice from being dissolved and/or seriously disrupted due to the unexpected death or disability of a practice partner. In this post, we will discuss some of the ways that a carefully drafted estate plan can…
Anatomy Of The Asset Purchase Agreement Part 5: Mediation and Arbitration Provisions
In our final post in this series, we look at ways to structure asset purchase agreements to resolve disputes that may arise after the asset purchase agreement has been executed. Although the goal of every agreement is to clearly define the rights and obligations of the buyer and seller, disputes…
Anatomy of an Asset Purchase Agreement Part 1: Allocation of the Purchase Price
When you are negotiating an asset purchase agreement, either to buy or sell an existing practice, there are provisions that may seem innocuous or appear to be standard boilerplate terms. However, these terms can have considerable financial and legal impacts, regardless of whether you are the buyer or seller. This…