This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Title: Tennessee Employment Agreement between Physician and Professional Corporation Introduction: In Tennessee, the Employment Agreement between Physicians and Professional Corporations is a legally binding contract that establishes the terms and conditions of employment between a physician and a professional corporation. This agreement outlines the rights, responsibilities, and expectations of both parties, ensuring a mutually beneficial and harmonious professional relationship. Below you will find a detailed description of the Tennessee Employment Agreement between Physician and Professional Corporation, including key elements and variations. Key Elements of a Tennessee Employment Agreement between Physician and Professional Corporation: 1. Parties Involved: The agreement identifies the participating parties, specifically the physician(s) and the professional corporation. It includes their legal names, addresses, and contact information. 2. Term of Employment: This section specifies the duration of the agreement, including the starting and ending dates. It may also include provisions for renewal or termination, along with any notice requirements. 3. Physician's Responsibilities: The agreement outlines the physician's duties and responsibilities within the professional corporation. This may include providing medical services, patient care, maintaining licenses and certifications, participating in professional development, and adhering to ethical standards. 4. Compensation and Benefits: The agreement addresses the physician's compensation structure, including base salary, incentive bonuses, profit-sharing, and potential partnership opportunities. It also details benefits such as health insurance, retirement plans, vacation, and sick leave. 5. Non-Compete and Non-Solicitation: Many agreements include restrictive covenants to protect the professional corporation's interests. Non-compete clauses prevent the physician from practicing within a specific geographic area or timeframe after termination. Non-solicitation clauses prohibit the physician from soliciting clients, patients, or employees of the professional corporation. 6. Other Provisions: The agreement may include provisions related to malpractice insurance coverage, ownership of medical records, dispute resolution methods, confidentiality, and intellectual property rights. It should also address any regulatory compliance requirements, such as HIPAA and Stark laws. Types of Tennessee Employment Agreement between Physician and Professional Corporation: 1. Full-Time Employment Agreement: This agreement is suitable when a physician is employed by a professional corporation on a full-time basis, typically working a set number of hours per week. 2. Part-Time Employment Agreement: This type of agreement is used when a physician is employed by a professional corporation on a part-time basis, with a reduced workload and hours compared to a full-time agreement. 3. Associate Employment Agreement: An associate agreement is often employed when a physician joins a professional corporation as an associate or employee with the potential for partnership or ownership in the future. 4. Independent Contractor Agreement: In certain cases, a physician may work as an independent contractor for a professional corporation instead of being an employee. This type of agreement would outline the terms and conditions of the contractor's engagement with the corporation. Conclusion: The Tennessee Employment Agreement between Physician and Professional Corporation defines the responsibilities, compensation, and various other aspects of the physician's employment within the professional corporation. The agreement ensures clarity, fairness, and protects the interests of both parties involved. It is advisable to consult with legal professionals experienced in healthcare law to tailor the agreement to meet specific needs and comply with Tennessee state laws.Title: Tennessee Employment Agreement between Physician and Professional Corporation Introduction: In Tennessee, the Employment Agreement between Physicians and Professional Corporations is a legally binding contract that establishes the terms and conditions of employment between a physician and a professional corporation. This agreement outlines the rights, responsibilities, and expectations of both parties, ensuring a mutually beneficial and harmonious professional relationship. Below you will find a detailed description of the Tennessee Employment Agreement between Physician and Professional Corporation, including key elements and variations. Key Elements of a Tennessee Employment Agreement between Physician and Professional Corporation: 1. Parties Involved: The agreement identifies the participating parties, specifically the physician(s) and the professional corporation. It includes their legal names, addresses, and contact information. 2. Term of Employment: This section specifies the duration of the agreement, including the starting and ending dates. It may also include provisions for renewal or termination, along with any notice requirements. 3. Physician's Responsibilities: The agreement outlines the physician's duties and responsibilities within the professional corporation. This may include providing medical services, patient care, maintaining licenses and certifications, participating in professional development, and adhering to ethical standards. 4. Compensation and Benefits: The agreement addresses the physician's compensation structure, including base salary, incentive bonuses, profit-sharing, and potential partnership opportunities. It also details benefits such as health insurance, retirement plans, vacation, and sick leave. 5. Non-Compete and Non-Solicitation: Many agreements include restrictive covenants to protect the professional corporation's interests. Non-compete clauses prevent the physician from practicing within a specific geographic area or timeframe after termination. Non-solicitation clauses prohibit the physician from soliciting clients, patients, or employees of the professional corporation. 6. Other Provisions: The agreement may include provisions related to malpractice insurance coverage, ownership of medical records, dispute resolution methods, confidentiality, and intellectual property rights. It should also address any regulatory compliance requirements, such as HIPAA and Stark laws. Types of Tennessee Employment Agreement between Physician and Professional Corporation: 1. Full-Time Employment Agreement: This agreement is suitable when a physician is employed by a professional corporation on a full-time basis, typically working a set number of hours per week. 2. Part-Time Employment Agreement: This type of agreement is used when a physician is employed by a professional corporation on a part-time basis, with a reduced workload and hours compared to a full-time agreement. 3. Associate Employment Agreement: An associate agreement is often employed when a physician joins a professional corporation as an associate or employee with the potential for partnership or ownership in the future. 4. Independent Contractor Agreement: In certain cases, a physician may work as an independent contractor for a professional corporation instead of being an employee. This type of agreement would outline the terms and conditions of the contractor's engagement with the corporation. Conclusion: The Tennessee Employment Agreement between Physician and Professional Corporation defines the responsibilities, compensation, and various other aspects of the physician's employment within the professional corporation. The agreement ensures clarity, fairness, and protects the interests of both parties involved. It is advisable to consult with legal professionals experienced in healthcare law to tailor the agreement to meet specific needs and comply with Tennessee state laws.
