Legal Issues
The First-Time Practice Owner
Opening a veterinary clinic is a fabulous opportunity, but planning for it is best done one step at a time.
Legal Issues
Selling Your Practice in a COVID Market
Making and closing a deal between a hospital owner and a buyer isn’t as easy as it once was. Skittish lenders, contract contingencies and even uncommitted clinical staff can gum up the process.
Finance
Succeed With a Succession Plan
The sale of your practice to a colleague or outside party when you aren’t present is fraught with trouble if detailed instructions aren’t in place.
Legal Issues
Beware the Evergreen Clause
Automatic contract renewals can leave you in a costly predicament if you fail to give proper notice of termination.
Legal Issues
At Your Service
A management services organization adds a layer of structural complexity to a veterinary practice but offers non-veterinarians and even family members the opportunity to reap the financial rewards.
Legal Issues
Close the deal
When negotiating an employment agreement with an associate veterinarian, start with the basics — at-will or contract? — and go from there.
Legal Issues
A Handshake Isn’t Enough
Veterinary practice partnership agreements need to be tightly written and account for eventualities, such as how disputes are settled and how a buyout is accomplished.
Practice Management
Ready for departure
Severance agreements can be worthwhile when cutting ties to a team member, but employers need to be careful with the terms and cognizant of applicable laws.