Practice Buy Sell Agreement: Dental

A buy-sell agreement is a legally binding contract between dental practice owners that dictates how ownership interests are transferred if a "triggering event" occurs. Think of it as a "business prenuptial agreement" that ensures the practice stays in the hands of people you trust. Why Your Practice Needs One Now

For many dentists, their practice is more than just a business—it is a life’s work. But if you have partners or co-owners, have you considered what happens to that work if someone suddenly leaves? Without a formal , your practice, your family’s financial security, and your patients’ care could be at risk. What is a Dental Buy-Sell Agreement? dental practice buy sell agreement

The agreement typically activates when a partner experiences: A buy-sell agreement is a legally binding contract

It prevents the "forced sale" of the practice and reassures patients and staff that operations will remain stable. Common "Triggering Events" But if you have partners or co-owners, have

A robust agreement should be drafted by a specialized dental attorney and include:

The practice itself buys and owns life/disability policies for each partner and handles the buyout.