Robert Sanders assists buyers with dental practice acquisitions.
Legal contracts for practice transitions are vital to buying a California dental practice. These transition contracts generally take the form of an asset purchase agreement or a stock purchase agreement, although asset purchase contracts are the most commonly used form of contract for this situation.
The following provisions are key to negotiate and review in a practice transition agreement:
Purchase price and deposit amount
Closing date and contingency dates
Real estate lease assumptions
Clearly defining the assets to be purchased
Retreatment clauses
Accounts receivable collections or purchase
Non-compete, non-treatment, and non-hire covenants
Transition assistance from the seller post-close
Insurance billing matters