Understanding Physician Employment Agreements: Mutual Rights, Obligations and Potential Pitfalls
OVERVIEW We will review the various elements of the physician employment agreement , focusing on the pitfalls and the problems that can develop when the agreement does not clearly define the relationship, and/or when the parties do not fully understand what is being agreed to. Such items as term and termination, termination for cause, duties of the physician, call, non-compete, and compensation are all items that should be clearly set out in the doctors’ contract of employment and fully understood by the parties. WHY SHOULD YOU ATTEND Formal written contracts establish the legal relationship between the parties; they state the terms and conditions of that relationship and the rights and obligations of each party. They confirm the intentions and relationships of the parties as they enter into this relationship, and they eliminate uncertainties regarding mutual rights, obligations, and relationships. If everything remained as it is at the time the contract is signed, ...