Medical Practice Partnership

Healthcare

Partnership agreement for healthcare professionals establishing practice ownership, patient care responsibilities, revenue sharing, malpractice coverage, and exit procedures.

Medical Practice Partnership

Disclaimer: This template is provided for informational purposes only and does not constitute legal advice. Consult a qualified legal professional before using any legal document.

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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.

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

Frequently Asked Questions

What is a Medical Practice Partnership?

Partnership agreement for healthcare professionals establishing practice ownership, patient care responsibilities, revenue sharing, malpractice coverage, and exit procedures.

What should a Medical Practice Partnership include?

A comprehensive medical practice partnership should include: partnership structure, profit and loss sharing, patient care standards, malpractice insurance, buy-sell provisions.

When do I need a Medical Practice Partnership?

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.

Is this template legally binding?

Templates provide a strong starting point, but we recommend having important agreements reviewed by a qualified attorney in your jurisdiction to ensure they meet local legal requirements.

Can I customize this template?

Yes — all bracketed [placeholder] fields can be replaced with your specific information. You can also add, remove, or modify clauses to fit your particular situation.

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