Recently news.com.au ran a story titled Worst contracts in sports history, which detailed how Ricky Williams, a former NFL star, signed a contract without reading the fine print, resulting in a significant portion of the $68 million contract value being unobtainable due to almost impossible performance hurdles. This is a common occurrence in business as well, where the ‘fine print’ goes unread.
Almost daily we see medical practice owners also enter into sub-optimal contracts, or even worse in some cases – no written contract at all. Some would earn the title of Worst contract in medical history. The common theme in these circumstances is the practice owner failing to seek appropriate professional advice.
This article was published in Doctor Q, Summer 2016