The Medical Partnership Agreement is essential when two or more medical professionals wish to establish or join a medical practice as partners in England and Wales. This comprehensive document addresses both the commercial and clinical aspects of running a medical partnership, including capital contributions, profit sharing, clinical governance, and regulatory compliance. It's particularly important given the complex regulatory environment of healthcare provision, incorporating requirements from the GMC, NHS, and CQC. The agreement serves to prevent future disputes by clearly defining partner rights, responsibilities, and obligations while ensuring the practice operates within all relevant healthcare legislation and professional standards.
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1. Parties: Details of all medical partners entering the agreement
2. Background: Context of the partnership formation and objectives
3. Definitions: Key terms used throughout the agreement
4. Partnership Structure: Governance, voting rights, and management structure
5. Capital Contributions: Initial and ongoing financial commitments
6. Profit and Loss Sharing: Distribution of profits and losses among partners
7. Professional Obligations: Medical practice standards and regulatory compliance
8. Partner Duties and Responsibilities: Individual obligations and expectations
9. Decision Making: Voting procedures and major decisions requirements
10. Term and Termination: Duration and conditions for ending partnership
1. Locum Arrangements: Procedures for temporary cover when partners are absent
2. Property Arrangements: Management of practice premises and property-related matters
3. Training Obligations: Requirements and procedures for teaching and training activities
4. Research Activities: Protocols for managing research projects and related responsibilities
1. Schedule 1: Partner Details: Complete information about each partner including GMC numbers
2. Schedule 2: Capital Accounts: Initial capital contributions and accounting procedures
3. Schedule 3: Practice Premises: Details of property ownership/lease arrangements
4. Schedule 4: Equipment and Assets: List of partnership assets and their values
5. Schedule 5: NHS Contracts: Details of NHS arrangements and obligations
6. Appendix A: Practice Protocols: Standard operating procedures and clinical guidelines
7. Appendix B: Insurance Details: Professional indemnity and insurance arrangements
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