Legal Issues in Practice Transactions
Thursday, January 30, 2025
2:00 – 4:00 pm
Course Code:
368TL
Cost:
$0.00
Credits:
2
CE Hours
The major events in the professional life of a dental professional and group practice include events such as the purchase or sale of the practice, securing an associate, becoming or adding a partner in a practice, and retirements. Such events involve numerous important legal and financial considerations. In this course we will provide an overview of the transaction and contracting process. We will also review essential substantive legal aspects of practice purchase and sale and partnership transitions, as well as associate contracts. The overview is provided by a business and dental law lawyer with over 30 years of experience representing dentists and dental practices.
Speakers
After this course attendees will be able to:
- Identify what legal documents are necessary to buy or sell a practice, become or add a partner, or hire an associate
- Determine when it is the right time to retain legal counsel
- Recognize the most important early steps needed to ensure that the transition and transaction will be successful and cost efficient
- Understand how buyers can protect themselves from the liabilities of the seller
- Define terms such as "contingencies", "representations and warranties", "indemnifications" and a "closing"
- Discuss how buyers and sellers can secure commitments for post-closing activities
- Describe an "LOI" and "Purchase Agreement" and understand whether they are binding contracts
- Utilize the latest applicable law on non-competes and other restrictive covenants in both sale and associate agreements
The Pierce & Mandell, P.C. grant has been applied to this course.
The Massachusetts’s Dental Society is an ADA Corp Recognized Provider
ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education. ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry. Concerns or complaints about a CE provider may be directed to the provider or to the Commission for Continuing Education Provider Recognition at
ADA.org/CERP