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What You Need To Know About Buying A Dental Or Veterinary Practice
Adept handling of the legal aspects associated with a practice acquisition is crucial to a successful practice transition. Whether you are a first-time buyer or already own a practice, it is important to have an experienced legal team working for you.
Our legal team can assist you with every facet of the transaction such as forming a legal entity to purchasing the practice, negotiating a new lease or a lease assignment with the seller’s landlord, evaluating and advising on financing opportunities, properly documenting the seller’s representations and warranties, and negotiating the seller’s post-closing employment agreement and restrictive covenants.
Good legal services go beyond plugging names and numbers into a form document. Every acquisition is different which is why our legal team evaluates each transaction in a customized way to ensure that a practice acquisition and the transition are successful.
Our legal team works with our clients to identify and address the legal, operational and practical issues that often arise in the ordinary course of practice acquisitions, as well as those “special” issues that are tied to whether the practice is a general practice or a specialty practice and the nature of that specialty practice. Anticipating and planning how to handle legal, operational and practical issues are key to a smooth and successful transition.
Whether the deal is between unrelated third-parties, or associates that are already involved with the practice, it’s important to have an experienced team of professionals on your side.
© Robert H. Montgomery, III, Esquire, P.C. 2019
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