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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.
https://youtu.be/lC_POxlmL_U
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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!’
Need to Read it? Check out the Full Episode Transcript below!
Highlights of this Episode:02:08 Sarah Buxton and Dr Neel Jaiswal 08:40 Associate Contracts11:15 Who Checks the Contract?13:50 Contract Bias towards Principals?18:50 Getting Contracts Checked21:28 Retention of Fees30:48 Annual Leave35:00 Exclusion Zones43:04 Vicarious Liability52:18 How to get in touch
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If you liked this episode, you will also like GF019 - Indemnity vs Insurance
Click below for full episode transcript:
Jaz's Introduction: If you're an associate, when you joined the practice, did you read and did you understand your contract? And if you're a principal, do you actually understand the contract that you're giving to your associate?
Jaz's Introduction:Look, something I make very clear in this episode is that I'm a man of trust. I'm not the biggest fan of forms and contracts.
I don't really think any of us are, right? My biggest currency is trust. However, in this day and age, unfortunately Protruserati, trust is not enough. We need everything backed by writing and unfortunately a huge takeaway of this podcast will be that contracts are super super important to the letter. So it is my duty to make contracts tangible.
In this episode joined by Sarah Buxton and Dr. Neel Jaiswal. Sarah is representing the legal side and Neil's representing the medical legal side. So together we're going to make dental contracts tangible for you. Everything from what is a fair retention fee to withhold from an associate after they stop working to who should be paying to get a contract checked.
This one actually might surprise you actually. So who should be paying? Should your contracts be checked? The answer is yes, they should be, believe it or not. Who should be paying for it? What about the retention fee? What about vicarious liability? What if an associate messes up? And now the practice is responsible.
How do you cover that in a contract? What about the clause that you can't work X number of miles away when you leave a practice? Is that actually enforceable? Is it actually worth the paper it's written on? And so with all these themes, this I promise you will be the most to the point, concise and actionable piece of education on dental contracts you'll ever listen to.
Hello, Protruserati, I'm Jaz Gulati, and welcome back to an Interference Cast, which is an arm of Protrusive Dental Podcast, where we discuss non clinical but important topics. This particular episode is eligible for one hour of CPD.
Protrusive Dental Podcast