Veterinary Contracts: Pitfalls & Traps

Introduction to the Employment Contract The goal of an appropriately drafted employment contract is to establish an understanding between parties. It should include the reasons that the parties are entering the contract, the rights and obligations of each party, the...

FTC Bans Most Noncompete Clauses but Legal Pushback Already Exists

Noncomplete clauses in workplace employment contracts, as the name implies, are designed to prevent workers who leave that place of employment from competing against them in the marketplace, usually for a specified amount of time. A clause might, for example, ban the...

Signing Bonuses: A Wolf in Sheep’s Clothing

In the world of veterinary medicine, the competition to hire veterinarians is fierce. To entice skilled veterinarians to join a practice, many veterinary clinics are turning to signing bonuses as an incentive. While bonuses can be very attractive, employees should...

Dismantling a Practice

Abstract Current trends in veterinarian demographics, ownership rates, and corporate consolidation have left many small practices with aging owners and no viable succession plan. As a result, the frequency of veterinary practices closures is increasing. Closing a...

Sharing The Windfall

In the current arena of veterinary practice sales, it is impossible to ignore the intense interest in practice consolidation by corporate entities, but it should be noted that this trend is not brand new. Corporations have owned veterinary practices for over 30 years,...