Not understanding common contract terms and failing to renegotiate certain provisions when appropriate can cause unnecessary risk and liability.
Reading the fine print in a business contract is probably not your idea of a good time. You have a busy practice and negotiating contracts is clearly not why you became a veterinarian or hospital administrator. That said, every business owner or manager should have a firm understanding of which contract provisions require careful review. This is important because contracts create significant obligations and liabilities.
Nicole Snyder, Holland & Hart’s Animal Health and Pet Products Industry Group co-chair, highlights five common business contract agreement provisions and potential pitfalls veterinarians or hospital administrators need to avoid in the article titled “The Devil’s in the Details,” published by Today’s Veterinary Business in its December 2018 issue.
Nicole Snyder is a corporate partner at Holland & Hart, where she advises clients on mergers, acquisitions and complex employment matters. She is a member of the American Veterinarian Medical Law Association.
To read the full article, click here.
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