Dental Practice Buy Sell Agreement -

A buy-sell agreement is a legally binding contract between dental practice owners that dictates how ownership interests are transferred if a "triggering event" occurs. Think of it as a "business prenuptial agreement" that ensures the practice stays in the hands of people you trust. Why Your Practice Needs One Now

The practice itself buys and owns life/disability policies for each partner and handles the buyout. dental practice buy sell agreement

The most common reasons for a sudden buyout. Retirement: Allows for a planned, graceful exit. A buy-sell agreement is a legally binding contract

A combination where the remaining owners have the first option to buy, followed by the practice entity. Key Components to Include The most common reasons for a sudden buyout

The agreement typically activates when a partner experiences:

The Safety Net Every Dental Partnership Needs: A Guide to Buy-Sell Agreements