Abstract
Selling a dental practice involves numerous legal, financial, and operational considerations. Assembling a team—including a lawyer, accountant, broker, and insurance professional—is crucial for ensuring a smooth transaction. While letters of intent are optional, they help define terms like exclusivity, due diligence, and confidentiality.
Purchase agreements, often drafted by the buyer’s lawyer, should detail asset allocation, tax implications, and handling of accounts receivable. Neglected areas such as work-in-process procedures and rework responsibilities must also be addressed to avoid disputes. Properly planning and negotiating these terms protects both buyer and seller, minimizing post-sale complications and ensuring a seamless transition of ownership.
Recommended Citation
Schulte, Daniel JD
(2024)
"Dentistry and the Law: Overlooked Purchase Agreement Terms,"
The Journal of the Michigan Dental Association: Vol. 106:
No.
12, Article 4.
Available at:
https://commons.ada.org/journalmichigandentalassociation/vol106/iss12/4
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