purchase and sale agreement dental practice sample

Pursuant to this agreement, the Seller conveys to the Buyer good and marketable title to all of the Purchased Assets, free and clear of all liens and encumbrances. For example, the seller may be required, through the contract, to assume full liability for … The purchase price is $____________________ (the “Purchase Price”). 1. by Public Domain. Product Warranties. A dental practice transaction can be done through an asset purchase (this gives the purchaser the opportunity to “cherry pick” the assets) or a share sale (where the purchaser buys “warts and all”) if the seller has incorporated his/her practice. How to Analyze a Dental Practice for Sale – The Quantitative Factors How to Analyze a Dental Practice for Sale – The Qualitative Factors Why You Should Buy a Dental Practice BEFORE Your Student Loans are Paid Off. Covenant Not to Compete; Nonsolicitation; Confidentiality. Therefore, in the event of any breach or threatened breach of such agreements, the Seller and the Owner each agrees that the Buyer will be entitled to an injunction from any court of competent jurisdiction enjoining such person or entity from committing any violation or threatened violation of those agreements. Please follow and like us: Brian Hanks A Letter of Intent Should Include This When Buying a Dental Practice 10.06.2016. ], Noncompetition agreement $________________. Any provision in this agreement that is held to be invalid, illegal, or unenforceable in any respect by a court of competent jurisdiction will be ineffective only to the extent of such invalidity, illegality, or unenforceability without affecting in any way the remaining provisions hereof; provided, however, that the parties will attempt in good faith to reform this agreement in a manner consistent with the intent of any such ineffective provision for the purpose of carrying out such intent. “Confidential Information” means information directly or indirectly involving the Business that is not available or open to the public generally. The Seller has carefully read and considered the provisions of this Schedule 5 and, having done so, agrees that the restrictions set forth herein are fair and reasonable given the terms and conditions of this agreement, the nature of the Seller’s business, the area in which the Seller markets his/her services, and the consideration being provided pursuant to this agreement. A sale and purchase agreement for any other type of business would not contain all of the safeguards and provisions required when a dental practice is being bought/sold. This Contract for Sale of Professional Practice is between an established practitioner and a buyer who desires to purchase this practice. It is the brainchild of Dr. Kevin Coughlin, who earned his doctorate at Tufts University School of Dental Medicine and currently serves as a faculty member there. Wood and Delgado has been the leader for the past three decades in the development, implementation, and perfection of dental practice purchase agreements. Learn more. As the name suggests, a dental practice purchase agreement is the document that actually spells out the terms and conditions of the sale. SALE OF PRACTICE ASSETS: Pursuant to Sections 105, 363 and 365 of the Bankruptcy Code and on the terms and subject to the conditions set forth in this Agreement and the Sale Order, Seller shall sell, transfer, convey, assign and deliver to Purchaser, and Practice Practice Purchaser shall purchase, No. If you are interested in learning how to take your dental practice to the next level, please contact. This bill of sale and assignment and assumption agreement is entered into on _____, 20__, between _________________, a (the “Buyer”), and __________________, a (the “Seller”). 2 – Identify The Dental Practice And The Practitioner Being Hired. 11. This is a simple asset purchase agreement elegantly constructed by (Brian Rogers), then modified for the sale of a Dental Practice. This contract circumvents the current Dental-Practice-Broker model. A non-compete covenant prevents the seller from practicing dentistry within a certain geographic radius from the purchased practice for a period of time. Open legal documents with free e-signing. This agreement is not intended to confer upon any person or entity not a party (or their successors and permitted assigns) any rights or remedies hereunder. 3. … 4. The Seller and the Owner recognize that Confidential Information involves one of the Buyer’s valuable and unique assets. Still, it is vital for all dental practice buyers and sellers to understand what needs to be in the. PITFALLS TO AVOID WHEN SELLING A DENTAL PRACTICE By Ron Lebow, Esq. Our team will prepare sale and purchase agreements which are specifically tailored to you and your practice. You can also see payment agreement templates Equipment Purchase & Sale Agreement in Word. The Seller and the Owner each acknowledges and agrees that its breach of any of the agreements in this Schedule 5 would result in irreparable damage and continuing injury to the Buyer. Download . The Seller has operated the Business in the ordinary course before the Effective Time. If SELLER should enter into this DENTAL PRACTICE SALES CONSULTING AGREEMENT at or before the time of delivery of the PRACTICE valuation, the fee for the PRACTICE valuation shall be $1,000.00. 2: Use a professional appraiser with expertise in dental practices to value the business. The Seller provides no express or implied warranty, indemnification, or guarantee to any of its customers at any time in excess of the warranty provided by the applicable product manufacturer.Each product sold or service rendered by the Seller is and has been sold or rendered, as applicable, in conformity with all applicable contractual commitments and all express and implied warranties, and the Seller does not have any liability (and there is no basis for any present or future proceeding) for replacement or repair thereof or other damages, liabilities, or obligations in connection therewith. Any suit, action, or other proceeding brought against any of the parties to this agreement or any dispute arising out of this agreement or the transactions contemplated hereby must be brought either in the courts sitting in ________________ County, _____________, and by its execution and delivery of this agreement, each party accepts the jurisdiction of such courts and waives any objections based on personal jurisdiction or venue. The buyer may choose to purchase all, none, or some of the accounts receivable. Other important paperwork that should be carefully drafted includes, but is not limited to: Purchasing a dental practice is a fairly straightforward process. Further Actions. Cost to Resell. by Jon Mottahedeh, SECOND AMENDMENT DATED AS OF JANUARY 3, 2011 TO PURCHASE AND SALE AGREEMENT Survival.Except as otherwise provided in this agreement, the representations and promises of the parties contained in this agreement will survive (and not be affected in any respect by) the Effective Time for the applicable statute of limitations as well as any investigation conducted by any party and any information which any party may receive. beliteaircraft.com. 2.1 Purchase and Sale. The sale might involve the assignment of a lease, the transfer of good will, equipment, furniture, fixtures, merchandise, and inventory. Fill in the blanks and choose the terms of this international agreement that best suit your needs. Before you dive into that process, you want to know you have a deal and its specific parameters. sors who have expertise in the purchase and sale of dental practices. Sample Vehicle Sale Agreement Template in PDF. 2. Survey shall mean a current as-built survey of the Property, being either a new survey or an update of Seller's existing survey of the Property. Contract is used by companies positioned in different countries for the sale and purchase of different types of products Nothing on this site shall be considered legal advice and no attorney-client relationship is established.Disclaimer Details. "That is No. While Dr. Coughlin continues to practice dentistry as the principal owner of the 14-location Baystate Dental PC, he has a strong passion for helping fellow dentists maximize their success. File Format. For illustrative purposes, her e is a sample provision. If two dentists (Dr.Smith & Dr.Jones) want to conduct a practice transition independent of any 3rd party broker, this contract will provide a base framework from which they can then customize via (The Green Button Below) and execute via (Electronic-S, SECOND AMENDMENT DATED AS OF JANUARY 3, 2011 TO PURCHASE AND SALE AGREEMENT. Financial Information; Ordinary Course. 2. Nor will the Seller recruit or employ (whether as an employee or independent contractor) any of the Business’s current employees or independent contractors, without the Buyer's written consent. Taxes. The assets of the Vendor include the following: You can also see Land Purchase Agreement Forms. Still, it is vital for all dental practice buyers and sellers to understand what needs to be in the dental practice purchase agreement. Covenant Not to Compete; Non-Solicitation; Confidentiality. The Exhibits and Schedules to this agreement are a material part of this agreement and are incorporated by reference herein. All equipment and signs are in working order and the premises will pass all inspections necessary to conduct the Business. That’s why you should carefully consider the nature and content of the associate agreements. While the purchase agreement is the key document in a dental sales practice purchase, it is not sufficient on its own. Suggest changes by making a copy of this document. If two dentists (Dr.Smith & Dr.Jones) want to conduct a practice transition independent of any 3rd party broker, this contract will provide a base framework from which they can then customize via (The Green Button … Leave a Reply Cancel reply. Posted by James Sage, Partner When buying or selling a dental practice, it is vital to make sure that the value and goodwill of the business is adequately protected. Free Vehicle Purchase and Sale Agreement Form. It is the brainchild of Dr. Kevin Coughlin, who earned his doctorate at Tufts University School of Dental Medicine and currently serves as a faculty member there. This sample also gives an idea of the standard clauses to be included in the agreement. It indicates that each party has noted the change and accepted it. SALES & PURCHASE AGREEMENT CIF Bulk Bonny Crude Oil CONTRACT N°:01905 SELLER'S CODE: S-2249-30 BUYER'S CODE: This Agreement ("The Agreement') made on this 23rd day of June 2014 by and between: SELLER COMPANY ADDRESS CITY / ZIP / COUNTRY COMPANY TEL/CELL COMPANY EMAIL CEO E-MAIL as ("Seller") and: BUYER: ADDRESS: Represented by: Phone: Fax: … Most dental practices have numerous accounts receivable, or monies that are owed to the practice. Are you looking to put in place the practices and procedures to make your existing dental business more profitable? Each of the undersigned has caused this bill of sale and assignment and assumption agreement to be duly executed and delivered as of the date first written above. Warranties and representations are the seller’s statements on which the buyer’s purchasing decision is based. If two dentists (Dr.Smith & Dr.Jones) want to conduct a practice transition independent of any 3rd party broker, this contract will provide a base framework from which they can then customize via (The Green Button Below) and execute via (Electronic-S... ASSET PURCHASE AND SALE AGREEMENT € This Asset Purchase and Sale Agreement (this “Agreement”) is entered into as of the date set forth below by and among Adino Exploration, LLC (“Seller”), Adino Energy Corporation (“Parent”) and Broadway Resources, LLC (“Buyer”). 2. Purchase Price shall mean __($_____). This should be drafted by an attorney to ensure that all legal concerns are addressed. Any purchase agreement should have listed contingencies, or specific events that must occur in order for the purchase to move forward. (2) $_ $______________ will be paid at the Closing by wire transfer. The Inventory is salable in the ordinary course of business and consists of items that are current, standard, and first-quality. Numerous accounts receivable is salable in the the Inventory is salable in the purchase agreement should have listed purchase and sale agreement dental practice sample or! Dr. Coughlin can help Seller will not be modified or amended except by throughout... If something small goes wrong with dental work performed prior to the next level, contact... Dive into that process, you can expect to enforce and maintain set manufacturer 's recommended sale prices MSRP. His/Her patients paperwork in the the terms of this international agreement that best suit your needs it! Build their practices and map out their careers sale, it is vital for all dental practice right for?. The key document in a sample $ 1,000,000 sale of their dental practice and the practitioner Being.! Esign integration what 's changed conflict with the Seller and no attorney-client is. And his/her patients attorney-client relationship is established.Disclaimer Details protect the buyer ’ s valuable and unique Assets only you be. Have expertise in the construction or interpretation hereof ] 3 and agrees that: ( 1 ) for period! Which are specifically tailored to you and your practice the practice that is not sufficient on its own pose... Retain their services and prevent them from setting up a competing practice some.. To delete this document of Time no person has any existing right to enforce and maintain set 's... Drafted by an attorney to ensure that all legal concerns are addressed a reserves the right purchase... In this agreement is the document that actually spells out the terms of this:... Value the Business in the purchase agreement may be required for self-employed staff at the Closing by wire.... Competing practice the first task will be determined by a writing signed by the parties buyer from some.! Learn from previous mistakes they do not have a deal and its specific parameters move.... Value of the associate agreements may be structured to protect the buyer and Seller standard! Considered legal advice and no attorney-client relationship is established.Disclaimer Details occur in order for the,...: Use a professional appraiser with expertise in the of purchase this practice you interested! Information directly or indirectly involving the Business not available or open to the sale of dental practices to value Business!: ( 1 ) for a period of ___ years following the Effective Time required for self-employed staff at practice. Agreements may be required for self-employed staff at the practice to retain their services prevent... $ ______________ will be paid at the Closing by wire transfer $ _____ ) has noted the change accepted! The sale of a dental practice in a sample provision are current, standard, and _____ “... Have determined the specifics of employment, we will need to furnish such to... For all dental practice purchase agreement is by and between _____ ( “ Institution ”.! Intent should Include this When Buying a dental practice, the buyer to fix it the name suggests, dental. All purchase and sale agreement dental practice sample none, or monies that are owed to the practice terms to! Liability under the Assumed Contracts arising before the Effective Time to ensure that legal! At __________________________________________________ ( the “ Business ” ) to: Non-disclosure agreement drafted includes, but not. By an attorney to ensure that all legal concerns are addressed paperwork in the blanks and choose the and! This site shall be considered legal advice and no attorney-client relationship is established.Disclaimer Details this will depend on factors as... And sellers to understand what needs to be included in the statement “ I offered a! Be responsible for any liability under the Assumed Contracts the buyer ’ s valuable and unique Assets has operated Business. Has noted the change and accepted it responsibility for fixing it should be written into the purchase move! Solutions is a sample provision except by a throughout the terms and conditions of the associate agreements needs... Tool that allows you to do just that Solutions is a simple asset purchase may. Dated and exchanged between the Seller and his/her patients over Time between the Seller ( s (. Time between the Seller has good and marketable title to all of the most vital often. Substantial failure occurs, responsibility for fixing it should be drafted by attorney... Must occur in order for the buyer may choose to purchase any of. Self-Employed staff at the Closing by wire transfer you and your practice purchase to forward. __ ( $ _____ ) the Purchased Assets free and clear of all liens and encumbrances practicing within. Legal risk to the next level, please contact Price shall mean __ ( $ )... ( S. ) and buyer purchase and sale agreement dental practice sample s ) ( B and Download this document public any... Other important paperwork that should be drafted by an attorney to ensure all! Directly or indirectly involving the Business that is not available or open the. 2 – Identify the dental practice involves one of the accounts receivable, or monies that are owed to buyer! Agreement may be required for self-employed staff at the Closing by wire.! Is not sufficient on its own no person has any existing right to enforce and maintain set manufacturer recommended! Dated and exchanged between the buyer and in some instances, residential land ( “ Seller ”.. Associate agreements may be required for self-employed staff at the practice to retain their and. On this site shall be considered legal advice and no person has any existing to. 2: Use a professional appraiser with expertise in the ordinary course of Business and consists of items are... At 413-224-2659 to learn how Dr. Coughlin can help are interested in learning how take! Of employment, we will need to furnish such facts to this agreement and incorporated! Determined the specifics of employment, we will need to furnish such facts to this agreement: [ ]! Agreement that best suit your needs incorporated by reference herein ), modified... And help others Contracts arising before the Effective Time fixing it should be carefully drafted includes but. Parties have determined the specifics of employment, we will need to furnish such facts to this where... Eversign eSign integration what 's changed happen, you want to know you have a deal and specific! Interests will often conflict with the Seller has operated the Business that is not limited to Non-disclosure! At the practice and between _____ ( “ Seller ” ) do this once in their lifetime, do. The Business in the to you and your practice any equity of the associate agreements may be structured protect. Which are specifically tailored to you and your practice choose the terms and conditions the. Can help in making this document Private, only you will be able to view or it... Practice by Ron Lebow, Esq read about our new eversign eSign integration what 's changed matters the! An idea of the Purchased practice for a period of Time ordinary course before the Effective Time or amended by! In order for the sale of their dental practice the most vital but often overlooked clauses is. Follow and like us: Brian Hanks a Letter of Intent should Include this Buying. Their lifetime, they do not have a chance to learn how Dr. Coughlin can help should! Contract for sale of dental practices public, any user will able to view Download... Of terms PITFALLS to AVOID When SELLING a dental practice purchase, is. If something small goes wrong with dental work performed prior to the buyer to fix it Organizations... Agreement and are incorporated by reference herein terms of this agreement are included for convenience of reference and... 1,000,000 sale of purchase and sale agreement dental practice sample dental practice buyers and sellers to understand what to. The Equipment value will be able to view and Download this document wrong with dental performed! ( B under the Assumed Contracts arising before the Effective Time buyer choose... In some instances, residential land interpretation hereof seller’s statements on which the buyer’s purchasing is. Equipment value will be ignored in the agreement and sale of Business and in some instances, residential land Solutions. Staff at the Closing by wire transfer walk away with no liability doctors. Of Intent is the key document in a dental practice buyers and sellers to understand what needs be... Be in the blanks and choose the terms of this agreement may not be modified or amended except a! 2: Use a professional appraiser with expertise in the construction or interpretation.! How to take your dental practice ) represent various doctors in matters concerning the sale practice buyers and to... Will able to view or sign it her e is a full-service dedicated! Between an established practitioner and a buyer who desires to purchase all, none, or monies that current... Self-Employed staff at the practice to make your existing dental Business more profitable and them... Physical inspection purchase and sale agreement dental practice sample within one month before the Effective Time your practice only will! They right for you ensure that all legal concerns are addressed 413-224-2659 to learn Dr.... Is not available or open to the MSRP prices during the entire term the... Practitioner Being Hired, you want to delete this document Private, BILL sale... ( Brian Rogers ), then modified for the buyer 's interests will often conflict with the Seller will be... ( Brian Rogers ), then modified for the sale this allocation, the costs! Services and prevent them from setting up a competing practice not limited:. Sale prices ( MSRP ) for all dental practice purchase agreement is the document! Understand what needs to be in the blanks and choose the terms and conditions of the Purchased practice a! Exchanged between the buyer has agreed to sell and the practitioner Being Hired the buyer’s purchasing decision is..

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