DIGRN Pres: Legal Insights on Associate Agreements, Partnerships, & Acquisitions with Justin Morgan
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Show Notes
Episode Description:
In this episode of DIG’s Official Podcast, Dr. Bob Dee sits down with attorney Justin Morgan, an expert in dental transactions, to discuss the critical legal considerations for dentists. Justin shares insights on practice acquisitions, real estate leases, partnership agreements, and contract negotiations. Learn how to protect yourself legally, avoid litigation, and structure your practice for long-term success.
Episode Highlights:
Justin Morgan’s background and journey into dental law. The importance of having a dental-specific attorney. Common legal pitfalls in real estate leases and contracts. The role of attorneys in practice acquisitions and equipment purchases. Why partnership agreements need careful planning. Red flags in associate agreements and DSOs. The cost-benefit analysis of hiring legal counsel before signing contracts. How litigation can be financially and emotionally draining. Structuring group practices for stability and long-term protection. Why negotiation is key in dental business transactions.
Personal Passions:
Justin shares his passion for business development and how his background in construction litigation, bankruptcy law, and working with Bank of America led him to specialize in dental transactions. He emphasizes the importance of integrating legal strategy with financial and business planning to provide holistic support for dentists.
Podcast Vision:
This podcast is dedicated to providing dentists with the insights they need to navigate the business side of dentistry successfully. By bringing in experts like Justin Morgan, we aim to equip listeners with practical advice that can help them avoid costly mistakes and make informed decisions about their careers and practices.
Key Takeaways:
Always consult an attorney before signing any major contract. Real estate leases often have hidden costs—know what you’re signing. Poorly structured partnerships can lead to financial and legal disasters. DSOs and associate agreements require careful review to avoid restrictive clauses. The cost of legal counsel is a fraction of what you could lose in a bad deal. Litigation is expensive—preventative legal work is always the best investment.
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