Ortho Finance 12 - Contracts w/ Michael Byrd & Bradford Adatto

Today, Michael Byrd and Bradford Adatto, both of ByrdAdatto law firm, join us as we discuss employment contracts. Whether you're embarking on a new job opportunity as a physician, or seeking to understand your current employment situation better, understanding the ins and outs of employment contracts is crucial, and this episode promises to equip you with the knowledge and insights to navigate your employment contracts effectively.

As the son of a doctor and entrepreneur, Michael S. Byrd has a personal connection to both business and medicine. As the father of five, he has learned the importance of listening closely and thinking creatively. With his background as both a litigator and transactional attorney, Michael brings a comprehensive perspective to business and health care issues. He has been named to Texas Rising Stars and Texas Super Lawyers, published by Thompson Reuters, for multiple years (2009-2023), selected Best Lawyer in America (2024), and recognized as a Best Lawyer in Dallas by D Magazine (2013, 2016-2023).

Bradford E. Adatto decided to become a lawyer during sixth-grade Career Day, when he promised to represent his best friend, a future doctor. A few decades and many miles later, he started his own law firm that focused on representing health care and corporate clients. And yes, his best friend from sixth grade is among them. Brad's background is in regulatory, transactional, and securities law. Having worked in health care law his entire career, he has an in-depth knowledge of the "do's and don'ts" of this heavily regulated industry. As the son of a medical doctor and grandson of a medical doctor and dentist, Brad has the health care industry in his blood. He enjoys helping his clients build successful businesses by showing them how to avoid legal problems, create new opportunities, develop new partnerships, and form new entities.

ByrdAdatto has extensive experience serving doctors, dentists, and other providers, and can address a spectrum of legal issues in the business of medicine. The team at ByrdAdatto has a deep, personal connection to the world of medicine, as it comprises of parents, spouses, and siblings who are doctors and dentists, and one of the partners, Jeffrey Segal, is both an attorney and a neurosurgeon. ByrdAdatto consequently has a unique understanding of the medical industry and serves clients across all specialties.

In this episode, we talk about essential elements you need to know to navigate the world of employment contracts confidently, and our guests share some informative points on queries you may have about employment contracts like;

• What are employment contracts?
• What should you do before signing an employment contract?
• What is the consequence of signing an employment contract without due diligence?
• How do you ensure an employment contract aligns with your goals and visions?
• What is a letter of intent?
• And many more!

This episode is sponsored by Lawrence B. Keller of Physician Financial Services.

Larry has been dealing with disability insurance and term life insurance for physicians, and other healthcare professionals, since 1990. In many cases, Larry has access to Guaranteed Standard Issue (GSI) disability insurance policies for Medical Resident and Fellows that does not require medical underwriting. To learn more or to have your existing policies reviewed, feel free to reach out to Larry at (516) 677-6211, by email to Lkeller@physicianfinancialservices.com or visitwww.physicianfinancialservices.com. While he might not be a doctor's first phone call regarding their insurance needs, he is often their last.