Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation

• Category: Contracts - Physicians
• State: Multi-State
• Control #: US-00771BG
• Format: Word; Rich Text

Description

A corporation may be organized for the business of conducting a profession. These are known as professional corporations. Doctors, attorneys, engineers, and CPAs are the types of professionals who may form a professional corporation. Usually there is a designation P.A. or P.C. after the corporate name in order to show that this is a professional association or professional corporation. Although no definite rule exists for determining whether one is an independent contractor or an employee, certain indicia of the status of an independent contractor are recognized, and the insertion of provisions embodying these indicia in the contract will help to insure that the relationship reflects the intention of the parties. These indicia generally relate to the basic issue of control. The general test of what constitutes an independent contractor relationship involves which party has the right to direct what is to be done, and how and when. Another important test involves the method of payment of the contractor. Keywords: Idaho, agreement, physician, self-employed, independent contractor, professional corporation. Title: Understanding the Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation Introduction: The Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation defines the legal relationship between a physician operating as a self-employed contractor and a professional corporation within Idaho. This detailed description seeks to explain the key aspects, types, and considerations of this agreement, ensuring both parties are well-informed and protected. Key Aspects of the Idaho Agreement: 1. Physician's Scope of Services: The agreement outlines the specific medical services the physician will offer as an independent contractor, including the constraints and limitations, if any, imposed by the professional corporation. 2. Compensation Structure: The agreement outlines the financial arrangements between the physician and the professional corporation. This includes details about the predetermined compensation method, such as flat fee, fee for service, percentage of collections or profits, or any blend thereof. Additionally, the document specifies the payment frequency and any related policies. 3. Duration and Termination: The agreement stipulates the initial term and potential renewals thereof. It identifies the conditions under which the agreement may be terminated, including specific grounds for termination and any applicable notice periods. 4. Non-Compete and Non-Solicitation Clauses: The agreement may include clauses restricting the physician's ability to compete with the professional corporation and solicit patients or employees after the agreement's termination. The specifics, such as geographic limitation and time duration, will be defined within the agreement. 5. Professional Standards and Liability: The agreement addresses adherence to professional standards, professional liability insurance requirements, and indemnification obligations to safeguard both the physician and the professional corporation against potential legal risks. Types of Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation: 1. General Physician agreement: This type of agreement encompasses the core aspects mentioned above and serves as the basis for the relationship between the physician and professional corporation. 2. Specialist Physician agreement: This agreement is tailored to physicians with specialized medical expertise, incorporating specific provisions and considerations associated with their respective fields. 3. Part-Time Physician agreement: If a physician is engaged in part-time contractual work with a professional corporation, a separate agreement may be created to address unique terms and conditions relevant to their engagement. Conclusion: The Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation plays a vital role in defining the rights, obligations, and expectations of both parties involved. Understanding the key aspects and types of this agreement ensures a transparent and efficient relationship between physicians and professional corporations in Idaho.

Keywords: Idaho, agreement, physician, self-employed, independent contractor, professional corporation. Title: Understanding the Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation Introduction: The Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation defines the legal relationship between a physician operating as a self-employed contractor and a professional corporation within Idaho. This detailed description seeks to explain the key aspects, types, and considerations of this agreement, ensuring both parties are well-informed and protected. Key Aspects of the Idaho Agreement: 1. Physician's Scope of Services: The agreement outlines the specific medical services the physician will offer as an independent contractor, including the constraints and limitations, if any, imposed by the professional corporation. 2. Compensation Structure: The agreement outlines the financial arrangements between the physician and the professional corporation. This includes details about the predetermined compensation method, such as flat fee, fee for service, percentage of collections or profits, or any blend thereof. Additionally, the document specifies the payment frequency and any related policies. 3. Duration and Termination: The agreement stipulates the initial term and potential renewals thereof. It identifies the conditions under which the agreement may be terminated, including specific grounds for termination and any applicable notice periods. 4. Non-Compete and Non-Solicitation Clauses: The agreement may include clauses restricting the physician's ability to compete with the professional corporation and solicit patients or employees after the agreement's termination. The specifics, such as geographic limitation and time duration, will be defined within the agreement. 5. Professional Standards and Liability: The agreement addresses adherence to professional standards, professional liability insurance requirements, and indemnification obligations to safeguard both the physician and the professional corporation against potential legal risks. Types of Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation: 1. General Physician agreement: This type of agreement encompasses the core aspects mentioned above and serves as the basis for the relationship between the physician and professional corporation. 2. Specialist Physician agreement: This agreement is tailored to physicians with specialized medical expertise, incorporating specific provisions and considerations associated with their respective fields. 3. Part-Time Physician agreement: If a physician is engaged in part-time contractual work with a professional corporation, a separate agreement may be created to address unique terms and conditions relevant to their engagement. Conclusion: The Idaho Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation plays a vital role in defining the rights, obligations, and expectations of both parties involved. Understanding the key aspects and types of this agreement ensures a transparent and efficient relationship between physicians and professional corporations in Idaho.