Employment Contracts Protect Your Practice

Jan 4, 2017 | Miscellaneous

As an owner of the practice…do you have an associate? Are they an interested buyer? Or not? Regardless, you need to take steps to protect the practice’s value. An employment contract with a restrictive covenant and non-solicitation clause are essential. Without those clauses, your practice becomes vulnerable if an associate leaves before the sale or is not hired by the buyer, ultimately driving down the value of your practice.