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Medical Partnership Agreement
"I need a Medical Partnership Agreement for three GPs establishing a new private practice in London, with equal partnership shares and specific provisions for research activities, to be effective from March 2025."
1. Parties: Details of all medical partners entering the agreement
2. Background: Context of the partnership formation and objectives
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Governance, voting rights, and management structure
5. Capital Contributions: Initial and ongoing financial commitments
6. Profit and Loss Sharing: Distribution of profits and losses among partners
7. Professional Obligations: Medical practice standards and regulatory compliance
8. Partner Duties and Responsibilities: Individual obligations and expectations
9. Decision Making: Voting procedures and major decisions requirements
10. Term and Termination: Duration and conditions for ending partnership
1. Locum Arrangements: Procedures for temporary cover when partners are absent
2. Property Arrangements: Management of practice premises and property-related matters
3. Training Obligations: Requirements and procedures for teaching and training activities
4. Research Activities: Protocols for managing research projects and related responsibilities
1. Schedule 1: Partner Details: Complete information about each partner including GMC numbers
2. Schedule 2: Capital Accounts: Initial capital contributions and accounting procedures
3. Schedule 3: Practice Premises: Details of property ownership/lease arrangements
4. Schedule 4: Equipment and Assets: List of partnership assets and their values
5. Schedule 5: NHS Contracts: Details of NHS arrangements and obligations
6. Appendix A: Practice Protocols: Standard operating procedures and clinical guidelines
7. Appendix B: Insurance Details: Professional indemnity and insurance arrangements
Authors
Accounting Period
Allocated Patients
Annual Accounts
Associates
Capital Account
Capital Contribution
Clinical Standards
Commencement Date
Confidential Information
Current Account
Deed of Adherence
Drawings
Effective Date
Equipment
Financial Year
Full-Time Equivalent
GMC
Good Medical Practice
Gross Income
Initial Capital
Intellectual Property Rights
Leave Entitlement
Majority Decision
Managing Partner
Medical Partnership
Medical Services
NHS Contract
NHS England
Partner
Partnership
Partnership Assets
Partnership Board
Partnership Meeting
Partnership Property
Partnership Share
Patient List
Practice
Practice Area
Practice Manager
Practice Premises
Professional Indemnity Insurance
Profit Share
Quality and Outcomes Framework
Qualifying Period
Registered Patients
Regulatory Body
Retirement Date
Senior Partner
Service Level Agreement
Session
Special Resolution
Suspension
Term
Termination Date
Unauthorized Absence
Working Day
Commencement and Duration
Partnership Structure
Capital Contributions
Profit and Loss Sharing
Partner Responsibilities
Clinical Governance
Decision Making
Management Structure
Financial Management
Banking Arrangements
Accounting and Records
Partner Meetings
Voting Rights
Professional Indemnity
Insurance
Confidentiality
Data Protection
Intellectual Property
Non-Competition
Leave and Absence
Maternity/Paternity Provisions
Suspension
Retirement
Expulsion
Death or Permanent Incapacity
Termination
Exit Provisions
Buy-out Arrangements
Property Rights
Equipment and Assets
Staff Management
Dispute Resolution
NHS Contract Obligations
Regulatory Compliance
Professional Standards
Working Hours
Locum Arrangements
Training Obligations
Notice Requirements
Force Majeure
Severability
Entire Agreement
Variation
Assignment
Governing Law
Jurisdiction
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