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1. Parties: Identification and details of all participating dentists entering the partnership
2. Background: Context of the partnership formation, including any existing practice details and purpose of the agreement
3. Definitions: Definitions of key terms used throughout the agreement
4. Partnership Formation: Terms establishing the partnership, including name, commencement date, and business purpose
5. Professional Obligations: Requirements for maintaining professional licenses, insurance, and compliance with dental regulations
6. Capital Contributions: Details of initial and ongoing capital contributions from each partner
7. Profit and Loss Sharing: Framework for distribution of profits and allocation of losses
8. Management and Decision Making: Governance structure, voting rights, and decision-making processes
9. Clinical Autonomy: Provisions ensuring professional independence in patient treatment decisions
10. Partnership Property: Ownership and management of practice assets and property
11. Banking and Financial Management: Financial administration, banking arrangements, and accounting requirements
12. Partner Duties and Obligations: Specific responsibilities and commitments of each partner
13. Working Hours and Leave: Schedule requirements, holiday entitlements, and coverage arrangements
14. Insurance and Liability: Required insurance coverage and allocation of professional liability
15. Non-Competition and Confidentiality: Restrictions on competing activities and protection of partnership information
16. Termination: Processes for partnership dissolution and individual partner withdrawal
17. Dispute Resolution: Procedures for resolving conflicts between partners
18. General Provisions: Miscellaneous legal provisions including governing law and amendments
1. Intellectual Property: Provisions for handling specialized techniques, methodologies, or brands when the practice has developed unique procedures or branding
2. Student Debt Provisions: Special arrangements for recently graduated dentists with significant educational debt
3. Buy-In Arrangements: Specific terms for new partners joining an established practice, including payment structures
4. Associate Integration: Provisions for incorporating existing associates into the partnership structure
5. Property Lease Arrangements: Specific provisions when the practice premises are owned by one or more partners
6. Research and Teaching: Provisions for partners involved in academic or research activities
7. Multiple Location Management: Specific provisions for partnerships operating across multiple locations
8. Specialist Services: Arrangements for specialized dental services offered by specific partners
1. Schedule 1: Capital Contributions: Detailed breakdown of each partner's initial and agreed future capital contributions
2. Schedule 2: Practice Assets: Comprehensive inventory of practice equipment, furniture, and assets
3. Schedule 3: Property Details: Information about practice premises, including lease terms or ownership details
4. Schedule 4: Partner Information: Professional registration details, specializations, and credentials of each partner
5. Schedule 5: Financial Procedures: Detailed procedures for financial management and accounting
6. Schedule 6: Insurance Policies: Details of all required insurance policies and coverage levels
7. Schedule 7: Employee Information: List of practice employees and their key employment terms
8. Schedule 8: Practice Protocols: Clinical and operational procedures and standards
9. Appendix A: Partnership Valuation Method: Agreed methodology for valuing partnership shares
10. Appendix B: Profit Sharing Formula: Detailed calculations for profit distribution
11. Appendix C: Patient Records Protocol: Procedures for maintaining and transferring patient records
Healthcare
Dental Services
Professional Services
Medical Practices
Healthcare Administration
Private Healthcare
Professional Partnerships
Legal
Healthcare Administration
Compliance
Finance
Operations
Professional Standards
Clinical Governance
Risk Management
Human Resources
Practice Management
Dentist
Dental Practice Owner
Healthcare Practice Manager
Dental Surgeon
Orthodontist
Periodontist
Endodontist
Healthcare Administrator
Practice Director
Managing Partner
Senior Partner
Professional Services Manager
Healthcare Compliance Officer
Dental Practice Administrator
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