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1. Parties: Identification of the seller (current practice owner) and buyer, including their professional credentials and license numbers
2. Background: Context of the sale, including brief description of the practice, location, and reason for transfer
3. Definitions: Key terms used throughout the agreement, including medical and legal terminology specific to practice transfer
4. Sale and Purchase: Core terms of the transaction, including what is being sold and confirmation of transfer
5. Purchase Price: Details of the purchase price, payment terms, and any adjustments or earn-out provisions
6. Completion: Timing and mechanics of the transfer, including conditions precedent and completion requirements
7. Assets Transfer: Specific provisions for transfer of physical assets, equipment, and inventory
8. Patient Records and Data: Provisions for the transfer and handling of patient records in compliance with privacy laws
9. Employee Matters: Treatment of existing staff, transfer of employment contracts, and related obligations
10. Regulatory Compliance: Commitments regarding medical licenses, permits, and regulatory approvals
11. Warranties and Representations: Seller's warranties about the practice, compliance, patient base, and financial matters
12. Restrictive Covenants: Non-compete and non-solicitation provisions to protect the practice's value
13. Patient Notification: Process for informing patients about the change in practice ownership
14. Transition Support: Seller's obligations to assist in the transition of the practice
15. Governing Law and Jurisdiction: Confirmation of Austrian law application and jurisdiction for disputes
1. Property Lease: Required if the practice premises are leased and need to be transferred or renegotiated
2. Equipment Financing: Needed if there are ongoing equipment leases or financing arrangements to be transferred
3. Third-Party Contracts: Required if there are significant supplier or service contracts to be assigned
4. Intellectual Property: Needed if the practice has specific trademarks, branding, or other IP to transfer
5. Insurance and Liability: Optional section for specific insurance arrangements and historical liability allocation
6. Bank Accounts and Financial Matters: Required if specific financial arrangements need to be transferred or maintained
7. Tax Matters: Detailed tax provisions if complex tax implications exist
8. Training and Handover: Detailed training provisions if extended transition support is required
1. Schedule 1 - Asset Inventory: Detailed list of all physical assets included in the sale
2. Schedule 2 - Equipment List: Specific medical equipment and their conditions
3. Schedule 3 - Employee Information: List of employees, their roles, and employment terms
4. Schedule 4 - Patient Database Summary: Anonymous statistical summary of patient base and active patients
5. Schedule 5 - Contracts: List of all contracts being transferred
6. Schedule 6 - Licenses and Permits: Details of all professional and operational licenses
7. Schedule 7 - Financial Statements: Recent financial information of the practice
8. Schedule 8 - Property Details: Information about practice premises and any property rights
9. Appendix A - Transition Plan: Detailed plan for practice handover and patient transition
10. Appendix B - Patient Communication Template: Template for notifying patients of the change in ownership
Healthcare
Medical Services
Private Practice
Professional Services
Healthcare Real Estate
Medical Equipment
Healthcare Administration
Medical Insurance
Legal
Healthcare Operations
Compliance
Finance
Medical Administration
Risk Management
Business Development
Medical Records
Property Management
Human Resources
Healthcare Transactions
Regulatory Affairs
Medical Doctor
Practice Owner
Healthcare Administrator
Medical Practice Manager
Healthcare Lawyer
Medical Board Officer
Practice Acquisition Manager
Healthcare Compliance Officer
Medical Practice Valuator
Healthcare Operations Director
Medical Records Manager
Practice Transaction Advisor
Healthcare Business Consultant
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