Negotiating Your Contract

Negotiating Your Contract

We recommend you find an attorney to review any employment contracts; however, it is important that you negotiate your contract personally. The expense outlaid by both you and your prospective practice for an attorney’s time is a serious thing to consider. Of equal or greater importance is the need to establish good communication with your employer from the beginning. What better way to do it than with some of the most uncomfortable subjects like salary, partnership and vacation time? Finding mutual ground is a great way to start a working relationship and transparency. Transparent practices make happier practices. We recommend you handle negotiations verbally or via email.

Below is an example of how to format a negotiation via email:

Dear Doctor, My attorney and I have reviewed the contract. There are a few changes that I request be made.

  • Termination without cause–minimum of 60 day notice by both parties
  • Reduce the restrictive covenant to 10 miles rather than 15 
  •  …
  • … 

I appreciate your consideration of these items. Once the modifications are complete, I will sign the contract, and return it promptly.

Again, request all the changes at once; it costs the practice money each time their attorney makes a change. Doing it all at once is economical and efficient.

What should you see in a standard physicians employment contract?

  • Start date
  • Job description–An overview of expectations, minimum number of hours per week
  • Requirements for position–License, certification, credentials
  • Compensation–How you will be paid, how often, what benefits are offered
  • Termination–With and without cause, notification requirements
  • Restrictive covenant/non-compete/non-Solicitation

Each contract and situation is unique and this email is only a brief overview of the process. You can always contact us if you have questions about a contract. We are always happy to help.

2019-12-01T13:21:26-07:00 September 7th, 2016|6-9 Months before Graduation|2 Comments

2 Comments

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