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Medical Practice Partnership Agreement for Hong Kong

Medical Practice Partnership Agreement Template for Hong Kong

A comprehensive legal agreement governed by Hong Kong law that establishes and regulates a partnership between medical practitioners for the purpose of operating a medical practice. The agreement addresses key aspects including capital contributions, profit sharing, management responsibilities, professional obligations, and operational procedures, while ensuring compliance with Hong Kong's Medical Registration Ordinance and related healthcare regulations. It provides a framework for the partnership's governance, decision-making processes, and dispute resolution mechanisms, as well as incorporating provisions for partner admission, retirement, and practice dissolution.

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What is a Medical Practice Partnership Agreement?

The Medical Practice Partnership Agreement is essential for medical practitioners in Hong Kong who wish to establish a formal partnership structure for their medical practice. This document is particularly relevant when two or more licensed medical practitioners decide to combine their professional services under a single practice entity. The agreement must comply with Hong Kong's regulatory framework, including the Medical Registration Ordinance (Cap. 161), Partnership Ordinance (Cap. 38), and healthcare-specific regulations. It typically includes detailed provisions for capital contributions, profit sharing, management responsibilities, professional standards, patient care protocols, and partnership changes. The document serves as the foundational agreement governing the relationship between partners and provides clarity on operational, financial, and administrative matters while ensuring alignment with Hong Kong's medical practice requirements and professional standards.

What sections should be included in a Medical Practice Partnership Agreement?

1. Parties: Identification of all partners entering the medical partnership agreement

2. Background: Context of the partnership formation and partners' qualifications

3. Definitions: Key terms used throughout the agreement

4. Partnership Structure: Legal structure, name, and principal place of business

5. Term and Commencement: Duration of partnership and effective date

6. Capital Contributions: Initial and ongoing capital requirements from each partner

7. Ownership of Assets: Rights and interests in partnership property and assets

8. Management and Decision Making: Governance structure, voting rights, and operational control

9. Professional Duties and Standards: Medical practice obligations and compliance requirements

10. Financial Arrangements: Profit sharing, drawings, and financial management

11. Banking and Accounts: Financial records, accounting practices, and banking arrangements

12. Insurance and Liability: Professional indemnity and other required insurance coverage

13. Admission of New Partners: Process for adding new partners to the practice

14. Retirement and Exit: Procedures for partner retirement or voluntary exit

15. Termination: Grounds and process for partnership termination

16. Dispute Resolution: Process for resolving conflicts between partners

17. Governing Law: Confirmation of Hong Kong law as governing law

What sections are optional to include in a Medical Practice Partnership Agreement?

1. Restrictive Covenants: Non-compete and non-solicitation provisions, optional based on partners' agreement

2. Intellectual Property: IP rights and ownership, relevant if the practice develops proprietary methods or materials

3. Marketing and Branding: Guidelines for practice marketing, optional if specific branding strategy exists

4. Leave and Absence: Detailed leave policies, optional if not covered in separate policy documents

5. Training and Development: Professional development requirements, optional if not specifically required

6. Technology and Systems: IT systems and data management, optional if significant technical infrastructure exists

7. Environmental Policy: Green practices and waste management, optional based on practice priorities

What schedules should be included in a Medical Practice Partnership Agreement?

1. Schedule 1 - Partner Details: Personal and professional details of all partners

2. Schedule 2 - Capital Contributions: Detailed breakdown of each partner's capital contributions

3. Schedule 3 - Profit Sharing Ratios: Specific percentages and formulas for profit distribution

4. Schedule 4 - Practice Premises: Details of clinic locations and lease arrangements

5. Schedule 5 - Equipment and Assets: Inventory of major medical equipment and assets

6. Schedule 6 - Insurance Policies: List of required insurance policies and coverage details

7. Schedule 7 - Operating Procedures: Key clinical and administrative procedures

8. Appendix A - Partnership Meeting Rules: Procedures for conducting partnership meetings

9. Appendix B - Compliance Checklist: Regulatory and licensing requirements checklist

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Jurisdiction

Hong Kong

Publisher

Ƶ

Document Type

Reference Letter

Cost

Free to use
Relevant legal definitions
















































Clauses









































Relevant Industries

Healthcare

Medical Services

Private Practice

Medical Clinics

Healthcare Administration

Professional Services

Medical Specialties

Primary Care

Specialist Care

Relevant Teams

Legal

Compliance

Medical Administration

Finance

Operations

Healthcare Management

Risk Management

Professional Standards

Clinical Governance

Partnership Management

Relevant Roles

Medical Director

Managing Partner

Senior Medical Practitioner

Healthcare Administrator

Practice Manager

Medical Operations Director

Chief Medical Officer

Compliance Officer

Legal Counsel

Financial Controller

Medical Partnership Administrator

Healthcare Operations Manager

Industries









Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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