What your Practice Agreements Should Say about Governance, Compensation, Buy-outs and More*

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In business, it is critical to ensure the contracts in place with partners contain not only the basic financial provisions but also address practice management, future transitions and deal with unexpected or disruptive events that may occur.

*Indicates that this activity is approved by AAOMS for continuing dental education credit ONLY.

Learning Objectives

At the conclusion of this program, participants should be able to:

  1. Determine if the partner and associate contracts are comprehensive enough to avoid unnecessary disputes and disruptive confrontations or litigation stemming from missing, or ambiguous provisions. 
  2. Explain how partnership principles governance, financial performance and practice transitions are applied to typical oral surgery practice contracts to prevent disruption should unexpected or transitional events occur. 
  3. Analyze developments that can lead to contentious relationships and disrupt an otherwise smooth business partnership, and how to ensure that contracts are written to meet these challenges.

Joseph W. Gallagher, JD, LLM
Attorney and Consultant
The Health Care Group
Plymouth Meeting, Pennsylvania
Disclosure(s): No relevant financial relationships to disclose.

An Internet-based CDE Activity
Original Release Date: September 23, 2023
Expiration Date: September 23, 2026
Estimated time to complete this educational activity: 2.0 hours
Method of participation: Self-Study

Joseph W. Gallagher, JD, LLM

Attorney and Consultant

The Health Care Group

Joseph W. Gallagher, JD, LLM is a shareholder, attorney and consultant with The Health Care Group, Health Care Law Associates, P.C. and Health Care Consulting, Inc. He has represented dental and medical professionals and their practice organizations for over twenty-five years on a wide variety of legal and business matters. With specialty representation of oral and maxillofacial surgery practices, Joe has extensive experience with co-ownership arrangements, practice sales, federal health law and compliance issues, practice valuations, and in structuring contractual arrangements (such as buy-in and pay-out, practice dispositions, employment agreements, mergers and joint ventures). His areas of expertise include health law and compliance, contracts, taxes and employee benefits. He designs and implements group compensation plans, deferred compensation arrangements and tax-favored retirement plans. Joe has lectured and written for numerous groups, societies and publications. He is a contributing author on numerous AAOMS-sponsored publications and has been the publisher and editor of On Managing (a monthly newsletter for medical/dental office managers).

Disclosures: No relevant financial relationships were disclosed.

Continuing Education Provider Approval
The American Association of Oral and Maxillofacial Surgeons is an ADA CERP Recognized Provider.

ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education.

ADA CERP does not approve or endorse individual courses or instructors, nor does it imply acceptance of credit hours by boards of dentistry.

The American Association of Oral and Maxillofacial Surgeons designates this activity for 2.0 continuing education credit(s).

AGD - Accepted Program Provider
FAGD/MAGD Credit
11/1/22-12/31/26
Provider ID# 214680

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Pre-Quiz
4 Questions  |  1 attempt  |  0/4 points to pass
4 Questions  |  1 attempt  |  0/4 points to pass
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What your Practice Agreements Should Say about Governance, Compensation, Buy-outs and More
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Post-Quiz
4 Questions  |  Unlimited attempts  |  3/4 points to pass
4 Questions  |  Unlimited attempts  |  3/4 points to pass
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Evaluation
11 Questions
11 Questions
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Certificate
2.00 CDE credits  |  Certificate available
2.00 CDE credits  |  Certificate available
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