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Sale Of Medical Practice Agreement
"I need a Sale Of Medical Practice Agreement for the sale of my London-based GP practice with four partners to a large healthcare group, including transfer of premises, staff, and NHS contracts, with completion planned for March 2025."
1. Parties: Identification and details of the seller and purchaser of the medical practice
2. Background: Context of the sale and brief description of the medical practice
3. Definitions: Key terms used throughout the agreement
4. Sale and Purchase: Core terms of the transaction including assets being transferred
5. Purchase Price: Consideration and payment terms
6. Completion: Process and requirements for completing the sale
7. Warranties: Seller's assurances about the practice
8. Patient Records: Terms regarding transfer and handling of patient information
9. Employees: TUPE provisions and employee-related matters
1. Property Transfer: Terms for transfer of premises ownership/lease - include when practice premises are included in sale
2. Restrictive Covenants: Non-compete and similar restrictions - include when seller agrees to restrictions post-sale
3. Third Party Contracts: Assignment of existing contracts - include when practice has ongoing service contracts
1. Schedule 1: Assets: Detailed list of all assets included in the sale
2. Schedule 2: Property Details: Details of premises if included in sale
3. Schedule 3: Employees: List of transferring employees and their terms
4. Schedule 4: Contracts: List of contracts being transferred
5. Schedule 5: Equipment: Inventory of medical equipment included
6. Schedule 6: Warranties: Detailed warranties given by seller
7. Appendix A: CQC Registration: Current CQC registration details
8. Appendix B: NHS Contracts: Details of NHS contracts being transferred
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