Contracts are not meant to be broken, and the act of putting the contract in place should perform as a deterrent so that disputes can be avoided in the future. When the terms of a contract are applied to real-life situations, it can sometimes be difficult to determine whether a contract has, in fact, been breached and whether action can be legitimately taken.
You have a physician whom you've invested a lot of time and energy in recruiting and training. Maybe you've built your facility's reputation on the expertise or experience that they bring to the table. It can be difficult to let them go. However, if they breach the terms of their contract, it may be warranted. There are a few factors that you should take into account before you fire a doctor if you want to avoid being sued.
Businesses use contracts for a lot of different things. One of these is to ensure that people who work for them don't give critical information about the business to competitors or that they don't go to work for a competitor as soon as they walk away from the company. This is very common in the medical industry.
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As an employee in the state of Florida, it is likely that you will have signed a non-compete agreement at some point or another. This means that you may be limited in terms of the types of companies or organizations that you will be able to work for in the future.
A Lakeland physicians group has been ordered to pay $500,000 after its billing company allegedly compromised patient privacy.
As a business owner, you know who the key players on your team are -- and you understand the potential risk that your business faces if a team member decides to leave and set up shop elsewhere. Everything from your client list to your plans for a new product could be at risk. You probably have noncompete agreements in place with at least some of your employees.
It's estimated that 20 percent of American employees -- from all different kinds of industries -- are subject to noncompete clauses. In theory, noncompete agreements are designed to protect high-level secrets, client lists and intellectual property from being misused by ex-employees who want to go into business for themselves.
Entering into a contract with another individual, a business, a vendor or an employer can be risky if you don't know what you are agreeing to when you sign on the dotted line. Make sure you read the entire contract from start to finish and ask questions. Have it reviewed by an attorney to protect yourself. Here are some examples of breach of contract cases.
There are many things that can happen if you breach your employment contract as a doctor. One likely result is that you'll be terminated from your job. You may also be asked to pay damages for violating its terms.