Back Office Consults

Each agreement has different components. Dr. Foster will focus on all details associated with the needs of each type of contract. 

The Buy/Sell Practice Agreement executes the transference of practice ownership clearly and legally.

Dr. Foster assists the selling Physician in the explanation, translation and negotiation of the document. He will guide you through each phase of the buy/sell process. Through his experience, Dr. Foster has the knowledge of the uniqueness of the healthcare transaction; he has the intuitive understanding of the legal, ethical and emotional complexity of the process.

This fully comprehensive and Physician friendly document attends to all of the necessary issues within the buy/sell transaction. With the knowledge that no buy/sell transaction is exactly the same Dr. Foster is able to craft your agreement to its specific needs. The goal is to bring the transaction to completion with the least amount of adversity, time and cost.

Please read the articles below, written by Dr. David Foster, to learn more about selling your practice.

Dynamic Chiropractic –
“Are You Thinking of Selling Your Practice”

Dynamic Chiropractic December 2001 –
“Chiropractic and Contracts”

The Chiropractic Journal December 2004 –
“Chiropractic Contracts Need Attention to Detail”

A Shareholder Agreement, is an arrangement among shareholders/partners that describes how a company should be operated and outlines shareholders’ rights and obligations. The agreement also includes information on the management of the company and privileges and protection of shareholders. 

Outline of a Shareholders’ Agreement:

• Identifying the parties and their relation to the corporation
• Facts of the corporation and Shareholders
• Duties and compensation
• A list of recitals (rationale and goals for the agreement)
• Details of optional versus mandatory buying-back of shares in the event that a shareholder has poor performance or wishes to sell.
• A right of first refusal clause, detailing how the company has the right to purchase a selling shareholder’s securities prior to them selling to an outside party
• Notation of a fair price for shares, either re-calculated annually or via a formula
• A potential description of an insurance policy

“In preparing for battle I have always found that plans are useless, but planning is indispensable.” Dwight D. Eisenhower 

The agreement is a playbook for success. An analogy of a football play exemplifies the agreement. If all of the players execute their position a score will occur. If only one position fails, the team fails.

Dr. Foster has drafted many shareholders agreements, all unique to the needs of the partners. Contact Back Office Consults for a complementary discovery call to see if Dr. Foster can create a quality document for you. 

The Associate Agreement is designed to draw a blueprint between the Owner of the facility and the Associate doctor. This agreement strives to create one goal that satisfies the practice and in turn both parties.

The quality of this agreement lies in its ability to clearly define expectations. When each party has a written document of what is expected of them, the rate of success increase significantly. 

Topics included in the chiropractic associate agreement include:

• compensation
• covenant not compete
• injunction
• insurance
• practice confidentiality 
• termination

Please read the articles below, written by Dr. David Foster, to learn more about Contracts and Agreements.

Dynamic Chiropractic December 2001 –
“Chiropractic and Contracts”

The Chiropractic Journal December 2004 –
“Chiropractic Contracts Need Attention to Detail”

The associate agreements acts as an insurance policy for many events that have the potential to damage the practice’s good will, and/or the owner’s financial stability.

The Independent Contractor agreement designs the relationship between the owner of the practice and an Independent Contractor. The Independent Contractor is a separate entity from the owner and is a renter of the facility.

Our experience has allowed us to develop a comprehensive document which protects the doctor/owner from many unforeseen situations as well as allows the relationship to flourish by the guidelines set forth. Many events may have the potential to damage the practice’s good will or the owner financially.

The document is written for a health care facility for one or more Independent Contractors. Document issues include premises entitlement, staff, equipment and supplies, signage, term, rent, taxes, insurance, assignment and much more. The verbiage is forthright and readable for the layperson.

If all things went in a positive, as planed fashion, the need for this document would be unnecessary. The parties would never have to read again once signed. But, if future events do not go as planned, protection of the owner is imperative. At this time the value of the contract is worth its weight in gold.

Please read the articles below, written by Dr. David Foster, to learn more about Contracts and Agreements.

Dynamic Chiropractic December 2001 –
“Chiropractic and Contracts”

The Chiropractic Journal December 2004 –
“Chiropractic Contracts Need Attention to Detail”

Independent Contractor Agreement:

The Independent Contractor agreement designs the relationship between the owner of the practice and an Independent Contractor. The document is written for a health care facility for one or more Independent Contractors. Document issues include premises entitlement, staff, equipment and supplies, signage, term, rent, taxes, insurance, assignment and much more.