Understanding Retention Fees in Dental Associate Contracts
Exploration of the significance of retention fees in dental associate contracts, emphasizing the importance of clear contract terms to avoid unfair situations. The chapter delves into the complexities of associate contracts, discussing the need for legal advice, clear clauses related to failed treatments and retained fees, and annual contract reviews to adapt to changes in the industry.
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Associate contracts are actually a HUGE deal that we do not give enough attention to…
How long can your principal keep your retention for?
Is it really true you cannot work within a certain radius?
How principals and associates may be getting screwed over by the poor contract!
Finding the right principal/associate is very exciting, so much so that we sometimes forget how important it is to read through the small print of our contract.
This can prove very costly in the future in our industry where mistakes do happen, so it is extremely important to be aware of what we are signing up for.
Join us today with Neel Jaiswal and Sarah Buxton for a breakdown of how to negotiate the right contract for you, the power of being an Associate in this day and age, and the importance of Insurance. There’s a lot more in this episode so don’t miss out…’Court is in session!’
Highlights of this Episode: 02:08 Sarah Buxton and Dr Neel Jaiswal 08:40 Associate Contracts 11:15 Who Checks the Contract? 13:50 Contract Bias towards Principals? 18:50 Getting Contracts Checked 21:28 Retention of Fees 30:48 Annual Leave 35:00 Exclusion Zones 43:04 Vicarious Liability 52:18 How to get in touch
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