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Done for you in 5 minutes.
A comprehensive, professionally structured partnership agreement tailored for private clinics and medical practices to define ownership, profit sharing, and operational rules.
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Starting a private medical practice with fellow practitioners is an exciting milestone, but aligning your clinical vision with a robust business structure is essential for long-term success. A Medical Practice Partnership Agreement is the foundational legal document that outlines how your clinic will be governed, how profits and expenses are distributed, and how decision-making power is shared. You need this agreement the moment you decide to co-own a practice, bring on a new medical partner, or transition a solo clinic into a group practice. A truly exceptional agreement goes beyond basic corporate boilerplate; it addresses the unique intersection of business operations and medical ethics. It clarifies how patient care decisions are managed, how clinical versus administrative responsibilities are split, and what happens to patient charts if a partner departs. By establishing clear boundaries and exit strategies early on, you protect your professional reputation, safeguard your financial investment, and ensure your patients continue to receive seamless, uninterrupted care.
Many medical partnerships use a productivity-based allocation model rather than a simple equal split. Under this system, a portion of the revenue covers shared clinic overhead, while the remaining profits are distributed based on individual billings or relative value units (RVUs). This ensures compensation remains fair and directly reflects each physician's clinical output.
Patient records belong to the medical practice entity, not the individual departing physician. The agreement must outline a process where patients are formally notified of the departure and given the choice to stay with the clinic or authorize the transfer of their charts to the departing doctor's new practice.
This depends entirely on state-specific Corporate Practice of Medicine (CPOM) doctrines, which in many jurisdictions strictly prohibit non-doctors from owning a medical practice. In states with strict CPOM laws, non-physicians can instead hold equity in a separate Management Services Organization (MSO) that handles the administrative side of the clinic.
Your agreement should include an immediate, mandatory buyout or suspension clause if a partner loses their license or has their board certification revoked. This protects the clinic's reputation, maintains compliance with malpractice insurance policies, and shields the remaining partners from joint liability issues.
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