Partnership or Employment? Legal Considerations for Vets Joining an Existing Practice
When a veterinarian joins an existing clinic, one of the first decisions they must make is whether to come on as an employee or pursue an ownership role as a partner. On the surface, both options may seem similar—you’ll treat animals, serve clients, and be part of a team. But legally, these...
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How to Structure a Veterinary Practice Buy-Sell Agreement
Veterinary medicine is similar to other practices in that much of it concerns both practical and legal considerations of business law. Selling your ownership interest in a practice or preparing for a major life event such as retirement will require that you take steps to protect your rights. The best way to...
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Protecting Your Veterinary Business: Trademarks and Intellectual Property
Just like other businesses, veterinary practices must take steps to ensure that their trademarks and intellectual property are protected. Unfortunately, however, many veterinary practice owners overlook this key issue. Failing to protect your intellectual property as a veterinary practice owner can place you at a major disadvantage in the marketplace.
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Navigating Regulations: A Legal Guide for Veterinary Startups
Starting a veterinary practice can be exciting, personally fulfilling, and highly lucrative. However, failing to comply with legal requirements can put a halt to your practice before it has a chance to get off the ground. Therefore, when starting a new veterinary practice, it’s imperative to consult with an experienced veterinary attorney....
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Insurance for Veterinarians: Legal Insights for Coverage
There are many steps you can take to protect your livelihood as a veterinarian. One of the most important things you can do to ensure that you and your business remain protected is purchase insurance. There are many types of insurance available to veterinarians. Often, to ensure maximum protection, several policies are...
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Handling Disputes: The Importance of Clear Veterinary Contracts
All well-run businesses rely on contracts, and veterinary clinics are no exception. Veterinary clinics rely on many types of contractual relationships, including employment contracts, leases, and contracts with clients. As a rule, it is important to strive for clarity when drafting business contracts. Although there are several reasons for this, the primary...
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Financing Your Veterinary Clinic: Legal Considerations and Options
Many veterinarians dream of owning their own clinic. There are many advantages to owning a veterinary clinic, including:
professional autonomy,
financial gain,
and personal freedom.
However, most people don’t have the...
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Exit Strategies for Veterinarians: Legal Planning for the Future
Building a successful veterinary clinic takes years of hard work. However, when the time comes to move on, it’s important to understand your options. As a veterinary practice owner, the correct exit strategy can ensure a healthy profit and smooth transition to retirement or your next business venture. On the other hand,...
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Valuation Methods for Veterinary Practices: Legal Implications
Selling a veterinary practice is complicated. From evaluating the pros and cons of selling, to identifying potential buyers, when it comes to selling a practice, every step is important. However, of all these steps, valuation may be the most important. If you price your practice too low, you miss out on significant...
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Protecting Veterinary Client Information
Veterinary practices routinely handle confidential client information. Confidential information includes animal and client-related information that links back to a person. Although animal treatment records themselves are not considered confidential information, they become so if they link back to a human client. Given the strong protection the law affords to such information, it...
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Understanding and Preventing Veterinary Burnout
Veterinary practice owners and employees have rewarding—but highly challenging—jobs. And in recent years, the veterinary industry has seen higher customer volume, lower employee retention, and a seemingly never-ending slew of new restrictions and safety practices. These developments, in addition to the traditional day-to-day challenges inherent to the veterinary industry, can result in...
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4 Tips for Communicating with Veterinary Clients
Communication is the key to any successful business. Effective communication is especially important for businesses that deal with emotional clients, such as veterinary clinics and medical offices. It’s understandable that people are passionate about issues involving their pets. After all, most people think of their pets as part of the family.
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