Post-Closing Obligations
Sale closing doesn't end your responsibilities. Post-closing obligations include transition support, non-compete compliance, and potential earnout requirements.
Common Post-Closing Obligations
Transition Support
- Clinical introduction period
- Staff and patient meetings
- Systems training
- Referral introductions
Non-Compete Restrictions
- Geographic limitations
- Time restrictions
- Scope of prohibited activities
- Enforcement considerations
Consulting Agreements
- Defined time commitment
- Compensation terms
- Scope of services
- Termination provisions
Protecting Yourself
- Document all obligations clearly
- Define "reasonable" assistance
- Limit time commitments
- Include compensation for extended support
Conclusion
Post-closing obligations require careful negotiation. Define terms precisely to avoid disputes and ensure fair compensation.
Negotiating post-closing terms? Contact DentalBridge.