Dental`s partnership agreement is expected to cover the type of operation the partnership will implement. We prefer to set up the dental partnership agreement before a single penny is on the line. The development of a partnership agreement necessarily requires some unpleasant discussions. However, these discussions are much more comfortable when there is no money at stake. The resulting partnership is quite strong. In addition, the involvement of external team members in the development of the partnership agreement allows the partners to gain valuable insight into the feasibility of the partners` business model and thus ensure that the final dental practice is positioned for success. It will allow dental partners to enter into contracts (e.g. B the office rental agreement) and pay invoices on behalf of the partnership. As an owner in a partnership, you will often get involved in joint decision-making processes; This is why openness and a willingness to compromise are essential to the success of the practice. Whenever changes are made that radically change the direction in which the company moves, remember that the result may be denied to you personally. Also, the call of practice, good or bad, will certainly follow you if you decide to go with business.
It is possible at any time that a conflict of interest may arise, even after the partnership has been set up. If this is the case, an interview should take place with all the owners and if no solution can be found, seeking legal advice is the next step.