Selling Your Medical Practice and Relying on the Hospital Fairies: Physician Compensation after Sale of Practice
Covenants not to compete in medical practice sales protect the hospital’s “very valuable assets,” for which the hospital paid the physician next to nothing.
Once you have had your physician employment agreement reviewed, it’s important that you take full advantage of the analysis.
The bottom line on physician covenants not to compete is that the market will enforce the covenant as written, even if a court probably wouldn’t.
There are several low or no cost strategies that provide a corporate veil for physicians for significant asset protection.