I am working with a doctor to complete his practice transition. For the past ten years he and his “partner” have been working with no written operating agreement. This has created a “nightmare” for him as he tries to sell his “stock” in the corporation. Once again, I have been reminded for the need of written contracts. I repeatedly witness the turmoil that is created when there is no formal contract, whether that is with partners, associates or employees. Not only do written contracts help in avoiding turmoil and hard feelings, they will help to create fulfilling personal relationships. We all function better when expectations are clear.
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