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Medical Partnership Agreement Template for United States

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Key Requirements PROMPT example:

Medical Partnership Agreement

"I need a Medical Partnership Agreement for three dermatologists establishing a new practice in California, with equal ownership shares and shared on-call duties, planning to start operations on March 1, 2025."

Document background
The Medical Partnership Agreement serves as the foundational document for physicians and healthcare professionals entering into a joint medical practice in the United States. It is essential when two or more medical practitioners decide to combine their practices, start a new joint practice, or formalize an existing professional relationship. The agreement must comply with both federal healthcare laws (such as HIPAA, Stark Law, and Anti-Kickback Statute) and state-specific medical practice regulations. It typically includes detailed provisions for practice management, profit sharing, patient care standards, compliance requirements, liability protection, and partnership governance. This document is particularly crucial in protecting all parties' interests while ensuring the practice operates within the complex framework of U.S. healthcare laws and regulations.
Suggested Sections

1. Parties: Identification of all partner physicians and any other parties to the agreement

2. Background: Context of the partnership formation and brief history of the practice or partners

3. Definitions: Detailed definitions of key terms used throughout the agreement

4. Partnership Formation and Term: Details of partnership establishment, effective date, and duration

5. Capital Contributions: Initial and ongoing capital requirements from each partner

6. Ownership and Profit Sharing: Partnership ownership percentages and profit distribution methodology

7. Management and Voting Rights: Governance structure, voting requirements, and decision-making processes

8. Partners' Duties and Responsibilities: Professional obligations, work requirements, and administrative duties

9. Compliance and Professional Standards: HIPAA compliance, medical standards, and regulatory requirements

10. Financial Management: Banking, accounting practices, and financial reporting requirements

11. Insurance and Liability: Professional liability, general insurance requirements, and indemnification

12. Non-Competition and Confidentiality: Restrictions on competitive activities and protection of practice information

13. Admission of New Partners: Process and requirements for adding new partners to the practice

14. Withdrawal, Retirement, and Termination: Procedures for partner exit, retirement, and partnership dissolution

15. Dispute Resolution: Process for resolving partnership disputes and mediation procedures

16. General Provisions: Standard legal provisions including governing law, amendments, and notices

Optional Sections

1. Medical Equipment and Technology: Specific provisions for sharing, maintaining, and upgrading medical equipment and technology systems

2. Intellectual Property: Provisions for handling practice-related intellectual property, particularly relevant if the practice develops unique medical procedures or research

3. Employee Management: Procedures for hiring, managing, and terminating support staff and other medical professionals

4. Research and Academic Activities: Provisions for handling medical research, academic appointments, and teaching responsibilities

5. Multiple Location Provisions: Specific terms for practices operating in multiple locations

6. Call Schedule and Coverage: Detailed provisions for emergency coverage and on-call responsibilities

7. Buy-Sell Provisions: Detailed procedures for buying out partners in specific circumstances

8. Family Leave and Sabbatical: Terms for extended leave arrangements and coverage during absence

Suggested Schedules

1. Schedule A - Capital Contributions: Detailed list of initial capital contributions from each partner

2. Schedule B - Partnership Interests: Current ownership percentages and voting rights of all partners

3. Schedule C - Practice Locations: List of all practice locations and facilities

4. Schedule D - Equipment Inventory: Comprehensive list of partnership-owned medical equipment and assets

5. Schedule E - Insurance Policies: Details of all insurance policies and coverage amounts

6. Appendix 1 - Administrative Procedures: Detailed operational procedures and protocols

7. Appendix 2 - Compliance Manual: HIPAA and other regulatory compliance procedures

8. Appendix 3 - Compensation Formula: Detailed methodology for calculating partner compensation and bonuses

9. Appendix 4 - Buy-Sell Valuation Method: Agreed methodology for valuing partnership interests

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions










































Clauses




































Relevant Industries

Healthcare

Medical Services

Healthcare Administration

Professional Services

Medical Practice Management

Healthcare Technology

Medical Research

Ambulatory Care Services

Specialized Medical Services

Relevant Teams

Legal

Compliance

Finance

Operations

Administration

Risk Management

Human Resources

Clinical Operations

Business Development

Quality Assurance

Relevant Roles

Physician

Medical Director

Healthcare Administrator

Practice Manager

Chief Medical Officer

Managing Partner

Healthcare Compliance Officer

Medical Practice Administrator

Chief Financial Officer

Legal Counsel

Healthcare Operations Director

Medical Group Executive

Clinical Director

Business Development Manager

Risk Management Officer

Industries










Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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