4. The Seller and the Owner acknowledge and agree that their breach of any of the agreements in this Annex 5 would result in irreparable damage and persistent damage to the Buyer. Therefore, in the event of an infringement or imminent breach of such agreements, seller and owner agree that buyer is entitled to an injunction from any competent court that prevents such person or organization from committing an infringement or imminent breach of such agreements. Each sales contract must list the specific contingencies or events that must occur in order for the purchase to proceed. In case of eventuality, you can leave without any responsibility. Examples of conservation include, among other things, that a non-compete clause prevents the seller from practicing dentistry for a certain period of time within a certain geographical radius of the purchased practice. This agreement must be detailed and indicate which related activities are allowed or prohibited, such as for example. B become a close shareholder or a director of a close practice. If the seller remains in practice for a certain period of time, the non-competition clause should obviously only start on the last day of the seller`s employment in practice. 2. Consent. Seller shall not be required to obtain the consent of any party or public body in connection with the performance, delivery or performance of this Agreement or the execution of the transactions provided for in this Agreement. If you are considering selling or buying a dental practice, the asset sale contract is the key to protecting yourself and/or your potential new assets.
By preparing carefully in advance and consulting with your CPA and legal counsel, you can be sure that you have made the best possible decisions about your last business. It is a simple contract for the sale of assets, elegantly built by (Brian Rogers) and then modified for the sale of a dental practice. This contract circumvents the current model of dental practice brokerage. If two dentists (Dr. Smith & Dr. Jones) want to perform a practice transfer independently of a 3rd party broker, this contract offers a basic framework from which they can then customize via (The Green Button Below) and execute it via (Electronic-S.) . . .