Get the free SAMPLE PRACTICE CONTINUATION AGREEMENT - ndscpa

*SAMPLE PRACTICE CONTINUATION AGREEMENT* DISCLAIMER This sample document is an example for purposes of illustration only and is intended to serve only as a general resource, not as a form or recommendation.

How to fill out sample practice continuation agreement

How to fill out a sample practice continuation agreement:

1. Begin by carefully reviewing the entire document, paying close attention to the terms and conditions outlined in the agreement.
2. Fill in all necessary personal and contact information, such as your full name, address, phone number, and email address. Make sure to double-check the accuracy of these details.
3. Provide details about your current practice, including the name and location of your practice, as well as any relevant licenses or certifications you hold.
4. Indicate your desired continuation plan, whether it involves merging with another practice, selling your practice, or passing it on to a successor. Specify any specific conditions or preferences you may have regarding the continuation plan.
5. Describe any specific assets or liabilities related to your practice that you want to be addressed in the agreement. This may include equipment, real estate, intellectual property, or outstanding debts.
6. If you are considering selling your practice, outline your expectations for the purchase price and payment terms. Include any negotiation points or considerations that are important to you.
7. If you have chosen a successor or a new partner for your practice, provide their full name, contact information, and a brief description of their qualifications or experience.
8. Include any additional provisions or amendments that you feel are necessary to protect your interests or suit your specific situation. This could involve non-compete agreements, confidentiality clauses, or any other terms you deem important.
9. Before finalizing the document, carefully review each section and ensure that all the information is accurate and complete. Make any necessary revisions or edits to ensure clarity and consistency throughout the agreement.
10. Once you are satisfied with the content, sign the agreement and have all relevant parties sign and date it as well. Consider seeking legal advice or consultation to ensure that the agreement complies with local laws and regulations.

Who needs a sample practice continuation agreement?

1. Current practice owners who anticipate retiring or leaving their practice and want to establish a clear plan for its continuation.
2. Doctors, dentists, or other healthcare professionals who are considering merging their practice with another establishment.
3. Individuals who wish to sell their practice and need a legally binding agreement to protect their interests and outline the terms of the sale.
4. Successful practice owners who want to identify and groom a successor or bring in new partners to take over the practice.
5. Professionals in the healthcare industry who are looking to ensure a smooth transition and continuity of care for their patients.

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What is sample practice continuation agreement?

A sample practice continuation agreement is a document that outlines the terms and conditions for the continuation of a practice in the event of a partner's departure.

Who is required to file sample practice continuation agreement?

All partners or stakeholders of a practice are required to file a sample practice continuation agreement.

How to fill out sample practice continuation agreement?

The sample practice continuation agreement can be filled out by providing information about the partners, the terms of continuation, and any other relevant details.

What is the purpose of sample practice continuation agreement?

The purpose of a sample practice continuation agreement is to ensure a smooth transition in the event of a partner's departure, and to protect the interests of all parties involved.

What information must be reported on sample practice continuation agreement?

The sample practice continuation agreement must include details such as the names of the partners, the terms of continuation, the distribution of assets, and any other relevant information.