Healthcare
Medical Practice Partnership
Partnership agreement for healthcare professionals establishing practice ownership, patient care responsibilities, revenue sharing, malpractice coverage, and exit procedures.
Key Clauses
1
Partnership Structure
Defines ownership percentages, capital contributions, and governance roles.
2
Profit and Loss Sharing
Specifies how practice revenue and expenses are allocated among partners.
3
Patient Care Standards
Establishes clinical standards, peer review processes, and quality benchmarks.
4
Malpractice Insurance
Requires each partner to maintain adequate professional liability coverage.
5
Buy-Sell Provisions
Details procedures for partner buyouts, retirement, disability, or death.
Use This Template
When You Need This
- Physicians forming a joint medical practice partnership
- An existing medical practice bringing on a new partner
- Establishing governance and profit-sharing for a group practice
- Planning for partner exits, retirement, or practice succession