In this session, we will analyze the key aspects of orthodontic associate employment contracts and practice purchase transactions. Emphasis will be placed on standard nationwide levels of associate compensation and fringe benefits and covenants not to compete, as well as the importance of the initial employment contract making some reference to the possibility of an equity buy-in. We will also briefly discuss how practices are valued, why the buy-in transaction is a can’t miss business opportunity, and how the key issues of compensation, voting and buy-outs tend to be handled in group practices.

Learning Objectives:

• Understand standard provisions in employment agreements in terms of pay, termination rights and restrictive covenants.
• Understand why future arrangements language in the employment agreement is crucial.
• Understand how practices are valued in traditional private practice transactions.
• Understand how to fairly handle compensation, voting and buy-outs among co-partners.

Speaker Disclosure: N/A

Duration: 75 minutes (includes lecture and audience questions)

Cost: $0 for members

Continuing Education: 1.25 CE credits (upon completion of session and evaluation)

Continuing Education Disclaimer:
This Continuing Education Program provides attendees with a relevant and rewarding continuing education experience. However, neither the content of a course nor the use of specific products in any program should be construed as indicating endorsement or approval of the views presented or the products used by the AAO or by any of the respective subsidiaries. Speakers are required to disclose to participants any financial, commercial or promotional interest in a product or company that may influence their presentations; however, the AAO shall not be liable for a speaker’s failure to disclose such interest.

American Association of Orthodontists is an ADA CERP Recognized Provider. ADA CERP is a service of the American Dental Association to assist dental professionals in identifying quality providers of continuing dental education. ADA CERP does not approve or endorse individual lectures or instructors, nor does it imply acceptance of credit hours by boards of dentistry.

Concerns or complaints about a CE provider may be directed to the provider or to the Commission for Continuing Education Provider Recognition at ADA.org/CERP.