Robert Sanders assists sellers with dental practice dispositions.  

Legal contracts for practice transitions are vital to selling a California dental practice.  These transition contracts generally take the form of an asset purchase agreement or a stock purchase agreement, although asset purchase contracts are the most commonly used form of contract for this situation.

 The following provisions are key to negotiate and review in a practice transition agreement:

• Purchase price and deposit amount

• Closing date and contingency dates

• Real estate lease assumptions

• Clearly defining the assets to be purchased

• Retreatment clauses

• Accounts receivable collections or purchase

• Non-compete, non-treatment, and non-hire covenants

• Transition assistance from the seller post-close

• Insurance billing matters