Phase 1

For practitioners purchasing or starting up a practice, or practitioners who are commencing a position at a practice and seeking advice on their agreement.

Acquiring -        Conducting due diligence on a health practice, negotiating with the vendor or the vendor’s broker, liaising with the vendor’s accountants/financiers, reviewing and finalising practice acquisition agreements through to settlement.

Starting up -      Conducting due diligence on a practice premises, negotiating with the landlord and/or agent, reviewing and finalising offers/heads of agreements and finalising start-up lease documentation.

Engaged -         Reviewing employee, contractor or service provider agreements for health practitioner engagements.  

Phase 2

For practice owners.

Securing -   Preparing practice related ongoing agreements (partnership/associateship/shareholder/unitholder agreements etc) for multiple owner health practices, formalising practice strategies (operational and professional), all containing appropriate pre-emptive rights, enforceable practice restraints, administrative/staff control, termination (from retirement, incapacitation etc) and ensuring that the ongoing agreement adapts correctly to the health practitioners and their practice structure. 

Preparing employee, contractor or service provider agreements for the practice’s professional and non-professional staff and ensuring practice restraints, protection of confidential information and termination is documented appropriately. 

Payroll Tax and patient fee flow advice.

Protection/Enforcement -   Ensuring intellectual property is appropriately registered and professional staff or ex-vendor practice restraint breaches are urgently remedied. 

Stewardship/Expansion -      Commercial property acquisitions and providing ongoing practice premises lease advice, lease renewals and variations, additional expanded practice rooms or new premises.

HR / FairWork compliance - (job descriptions, employee forms (commencing work, leave, resignation, etc), employee performance management termination (warnings, letters, etc), practice policies and procedures (parental leave policy, working from home policy, flexible working policy, equal opportunity and bullying policy, etc).

Ongoing business advice.

Phase 3

For practice owners selling their practice.

Succession/ Selling              Preparing the necessary documentation for a vendor, within 5 years to 1 month out from accepting a purchaser’s or associate’s offer, to be ‘practice sale ready’.

Conducting due diligence on a practice, liaising with the vendor’s broker/accountant/financier and negotiating with the purchaser. Preparing and finalising practice sale agreements and managing the sale through to settlement.