News Briefs

Some practical advice
By Vasilios J. Kalogredis, Esquire

We are amazed how often we are brought into situations that were much messier than they needed to be for one very simple reason — no signed Agreements were in place!

In the past several weeks, I have been engaged to assist a couple of groups in which one of their doctor-owners was departing. If well thought out and executed agreements were in existence, the clearly defined terms would set forth the road map as to what should take place. Unfortunately, in the aforementioned two matters, there were no such documents. The end result will be a lot of angst for all involved, lengthy negotiations which may or may not end up with a satisfactory result, dedication of a lot of time and money, and possibly, litigation.

I cannot emphasize enough the importance of entering into definitive Agreements that reflect the arrangements before a crisis arises. Spending the time and money to appropriately deal with things “up front,” will save a lot more in the future.

Copyright © 2006 Kalogredis, Sansweet, Dearden and Burke, Ltd.