Legal Issues in Practice Transitions

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  • Time: On-Demand
  • Course Code: 116TLV
  • Credits: 1 CE Hour
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speaker
William Mandell, JD, Esq. is a founder and shareholder of Pierce & Mandell, P.C., a boutique law firm that focuses on health, dental and business law as well as commercial litigation, intellectual property and employment law.

The major events in the professional life of a dental professional and group practice include events such as the purchase or sale of the practice, securing an associate, becoming or adding a partner in a practice, and retirements. Such events involve numerous important legal and financial considerations. The instructor will provide an overview of the transaction and contracting process. This course will also review essential substantive legal aspects of practice purchase and sale and partnership transitions, as well as associate contracts.

After this course attendees will be able to:
  • Identify which legal documents are necessary to buy or sell a practice, become or add a partner, or hire an associate
  • Determine when it is the right time to retain legal counsel
  • Recognize the most important early steps needed to ensure that the transition and transaction will be successful and cost/time efficient
  • Understand how buyers can protect themselves from the liabilities of the seller
  • Review how buyers and sellers can secure commitments for post-closing activities
  • Utilize the latest applicable law on non-competes and other restrictive covenants in both sale and associate agreements
  • Describe an “LOI” and a “purchase agreement” and understand whether they are binding contracts
  • Define terms such as contingencies, representations and warranties, indemnifications, and a closing

NO CHARGE

Recommended Audience: Dentist

The Pierce & Mandell, P.C. grant has been applied to this course.


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