129
Appendix 1: Full
Partnership Agreement
(All parties and names are intended to be ctitious.)
Warning: This agreement is problematic in that it may have several Stark II
implications, Americans with Disabilities Act (ADA) concerns, and other matters of
employment and health law. Always check with experienced legal counsel and your
professional certied public accountant before proceeding with a partnership agree-
ment. This is an example combining several partnership agreements I encountered
in my research—a warning that they may not have been reviewed and maintained in
accordance with current legal requirements. The purpose of the inclusion of this agree-
ment is to provide a glimpse into the matters covered categorically, not substantively.
The undersigned acknowledges that he/she has been invited to become a partner
in the group of physicians, surgeons, and dentists operating under the name and
style of “The Masters Clinic.
The undersigned hereby accepts said offer of partnership and in becoming a part-
ner in said partnership hereby agrees to be bound by all of the terms and provi-
sions of the Partnership Agreement dated the 20th day of February, 2009. The
undersigned, as a partner, also agrees to be bound by any amendments to said
Partnership Agreement which may be hereafter adopted in the same manner as
to the same extent as though the undersigned had been one of the parties to said
Partnership Agreement as amended. The undersigned hereby further agrees to be
bound fully and to observe faithfully all the rules and regulations of said partner-
ship, which may have been adopted by said partners or which now are in force
or which may hereafter be adopted pursuant to the terms of the said Partnership
Agreement as amended.
IN WITNESS WHEREOF, the undersigned has hereunto subscribed his/her name
and affixed his/her seal this 20th day of February, 2009.
(Seal)
Printed Name
WHEREAS, the parties have heretofore been conducting a medical practice in
Partnership as “The Masters Clinic,” and NOW, THEREFORE, the parties agree:
1.0 Duration of partnership
The existing Partnership shall continue until dissolved by written vote of two-thirds
of the then active Partners, and until so ended, the termination of interest of any
Partner shall not dissolve the Partnership with respect to the remaining members.

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