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Medical Practice Purchase Agreement
"I need a Medical Practice Purchase Agreement for the acquisition of a small GP surgery in Manchester, with three doctors and supporting staff, including the transfer of the building lease and NHS contracts, with completion targeted for March 2025."
1. Parties: Details of the seller and purchaser
2. Background: Context of the transaction and practice details
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core transaction terms and purchase price
5. Completion: Timing and mechanics of completion
6. Warranties: Seller's representations about the practice
7. Employee Matters: TUPE provisions and staff arrangements
8. Patient Records: Transfer and handling of patient data
9. Regulatory Compliance: CQC and NHS contract requirements
1. Property Transfer: Provisions relating to the transfer of practice premises, only included when real estate is part of the transaction
2. Intellectual Property: Provisions for transfer of practice name, logos, and website, included when significant IP assets exist
3. Post-Completion Services: Transitional arrangements and handover provisions, included when a formal handover period is required
1. Asset Schedule: Detailed list of included assets and equipment
2. Employee Schedule: List of transferring employees and their terms
3. Property Schedule: Details of premises and lease arrangements
4. Warranties Schedule: Detailed warranties given by seller
5. NHS Contracts Schedule: Details of NHS contracts being transferred
6. Patient List Schedule: Summary of registered patients (anonymized)
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