New York 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. The New York Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation is a legally binding contract that outlines the terms and conditions for a physician working as an independent contractor for a professional corporation in the state of New York. It establishes a clear understanding and relationship between the two parties involved, ensuring compliance with state laws and regulations. Key terms and clauses included in the agreement are essential to protect the rights and responsibilities of both the physician and the professional corporation. Some important keywords related to this agreement may include: 1. Professional Corporation: A type of business entity specifically formed by licensed professionals, such as physicians, dentists, or attorneys, to provide professional services while limiting personal liability. 2. Independent Contractor: A self-employed individual engaged to perform services for another party according to a mutually agreed-upon contract, without having an employee-employer relationship. 3. Physician: A licensed medical doctor who practices medicine and provides healthcare services to patients. 4. Compensation: The agreed-upon payment terms and structures which may include a base salary, bonuses, commission, or other forms of remuneration. 5. Duties and Responsibilities: This section describes the specific obligations and tasks the physician is expected to perform, including patient care, administrative responsibilities, and adherence to professional standards. 6. Termination: Specifies the conditions under which either party may terminate the agreement, such as breach of contract, failure to perform duties, or other mutually agreed-upon circumstances. 7. Non-Compete and Non-Solicitation: This clause restricts the physician from engaging in similar services within a defined geographical area and prohibits soliciting the corporation's patients or employees after the agreement's termination. 8. Confidentiality and Intellectual Property: Protects the corporation's proprietary information, patient records, trade secrets, and any intellectual property developed during the contract's tenure. 9. Indemnification and Liability: Addresses the liability and responsibility of each party, including indemnification against claims, lawsuits, or damages arising from the services provided. 10. Governing Law and Jurisdiction: States that the agreement will be interpreted and governed according to the laws of the state of New York, identifying the relevant jurisdiction for dispute resolution. Different types of New York Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation might exist based on the specific requirements of the physician and the professional corporation involved. These agreements can vary in terms of compensation structures, contract duration, specific duties, and other provisions that suit the unique needs of the parties involved. Therefore, it is crucial to tailor the agreement to reflect the individual circumstances and expectations of both parties.

The New York Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation is a legally binding contract that outlines the terms and conditions for a physician working as an independent contractor for a professional corporation in the state of New York. It establishes a clear understanding and relationship between the two parties involved, ensuring compliance with state laws and regulations. Key terms and clauses included in the agreement are essential to protect the rights and responsibilities of both the physician and the professional corporation. Some important keywords related to this agreement may include: 1. Professional Corporation: A type of business entity specifically formed by licensed professionals, such as physicians, dentists, or attorneys, to provide professional services while limiting personal liability. 2. Independent Contractor: A self-employed individual engaged to perform services for another party according to a mutually agreed-upon contract, without having an employee-employer relationship. 3. Physician: A licensed medical doctor who practices medicine and provides healthcare services to patients. 4. Compensation: The agreed-upon payment terms and structures which may include a base salary, bonuses, commission, or other forms of remuneration. 5. Duties and Responsibilities: This section describes the specific obligations and tasks the physician is expected to perform, including patient care, administrative responsibilities, and adherence to professional standards. 6. Termination: Specifies the conditions under which either party may terminate the agreement, such as breach of contract, failure to perform duties, or other mutually agreed-upon circumstances. 7. Non-Compete and Non-Solicitation: This clause restricts the physician from engaging in similar services within a defined geographical area and prohibits soliciting the corporation's patients or employees after the agreement's termination. 8. Confidentiality and Intellectual Property: Protects the corporation's proprietary information, patient records, trade secrets, and any intellectual property developed during the contract's tenure. 9. Indemnification and Liability: Addresses the liability and responsibility of each party, including indemnification against claims, lawsuits, or damages arising from the services provided. 10. Governing Law and Jurisdiction: States that the agreement will be interpreted and governed according to the laws of the state of New York, identifying the relevant jurisdiction for dispute resolution. Different types of New York Agreement Between Physician as Self-Employed Independent Contractor and Professional Corporation might exist based on the specific requirements of the physician and the professional corporation involved. These agreements can vary in terms of compensation structures, contract duration, specific duties, and other provisions that suit the unique needs of the parties involved. Therefore, it is crucial to tailor the agreement to reflect the individual circumstances and expectations of both parties.