Sample Gp Partnership Agreement
If you do not have a partnership agreement, you may be protected by the Partnership Act 1890 .A. Our long experience in consulting on partnership conflicts informs us about the development of partnership commitments and allows us to propose options and solutions to problems that often lead to conflicts in GP and dental partnerships. Your GP partnership activity will be tailored to the requirements of your practice. A partnership agreement identifies partners` obligations, responsibilities and limitations in a practice. A signed GP partnership agreement is essential. Make sure you cover everything you need and learn about the dangers if you don`t have one in our guide. It is strongly recommended to document the working relationship between all partners. By doing so, you significantly reduce the risk of potential partnership conflicts. If the premises are owned as a partnership fund or by partners, you should check to see if the new partner is making purchases. If so, this risk can be avoided by ensuring that you maintain a current state of partnership that, if carefully crafted, prevents an unforeseen dissolution or the threat of blackmailing your GP partnership by a disgruntled partner. The operational rules of your practice are also defined. At Hempsons, we have unparalleled experience with GP and dental partnerships. Our partnership activities are comprehensive, flexible and easy to update to reflect changes in your practice.
However, the law is outdated and does not cover all aspects you need as part of a GP partnership. Your partnership agreement is without a doubt the most important document that should be made available to any incoming partner, who will have an obligation to join. A partnership without action is the most unstable trade agreement available. Known as the “all-you-can-eat” partnership, it is governed by the Partnership Act of 1890, which provides dangerously little security for a partnership business in the 21st century. Of particular concern is the fact that a partnership can be immediately dissolved by the unilateral notification of a communication by each partner. If you practice under the NHS, this will result in an additional threat of termination of your contract with NHS England. In the face of pressure from family physician and dentistry partnerships, we have seen a dramatic increase in the number of partnership conflicts we face. These are highly sensitive and emotional and often devastating for a practice. A well-developed partnership agreement prevents disputes from the outset and also provides a dispute resolution mechanism if they occur.
The partnership agreement should be developed by the practice advocate, in consultation with the partners, to ensure that the agreement meets the wishes of the partners. The partnership agreement should be reviewed periodically, particularly whenever the partnership evolves.