THE ASSOCIATE'S PRACTICE
Several years ago, Dr. Youngerdoc began practicing as an associate for Dr. Olderdoc.
Neither party wanted to formally state their objectives in a contract for entering into this associateship relationship. Dr. Youngerdoc was not prepared to make a commitment to the practice yet and did not want a restrictive covenant that would prevent him from practicing somewhere else in the area. Dr. Olderdoc did not want to spend the money for a contract at this stage of the relationship.
They agreed to base the relationship on trust for now and decided to practice together for a while, see how they got along, and then someday have a contract written up that would fairly state their objectives and obligations to each other. As time passed, the contract idea was forgotten about and no contract was ever drafted.
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