Medical partnerships, transfers, and assistantships / by William Barnard and G. Bertram Stocker.

  • Barnard, William, 1856-1935.
Date:
1895
Catalogue details

Licence: Public Domain Mark

Credit: Medical partnerships, transfers, and assistantships / by William Barnard and G. Bertram Stocker. Source: Wellcome Collection.

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    lives of the partners, subject to either partner being free to sell out under clause 25. This form of partnership has the advantage of combining the maximum of security with the minimum of restraint. A partner is practically certain of being able to realize his capital when he retires, or at least the greater part of it; on the other hand, he is able at any time after the first few years to retire from the partnership should circumstances render it desirable that he should do so—the only condition being that he should not continue to practise in the district. In a medical partnership the option of dissolution at certain fixed dates (say seventh, fourteenth, or twenty-first years), with power to both partners to continue practising in the place, is sometimes proposed. The plan has indeed the ad- vantage of enabling a man to terminate an obnoxious part- nership without severing his connection with a place where he has many social ties and a valuable professional connec- tion, but it is open to grave objections; it tends to strain the friendly relations of the partners; for instance, it would, in such a partnership, be obviously to the advantage of each to retain for himself as many patients as possible, and if at the end of seven years one partner had decidedly the stronger hold upon the practice, it would at once be to his interest to dissolve. Moreover, after such dissolution, or when the date was approaching, it would be impossible for either partner to sell his interest in the practice at anything like its proper value. So that, though at first sight it might appear that a man would be less tied, he would in reality be much more so than under the scheme which we have recommended, where he could leave at any time by giving six months’ notice. Of course, if hotli partners desire to dissolve, they can at any time do so without any mention of the power in the deed. Name of firm. 2. The practice shall be carried on at or at such other place or places as may be agreed upon under the firm or style of B. and D. Purchase of 3. The stock of diTigs drug bottles drug share of 1*1 i drugs, &c. utensils surgery fittings surgery lurniture and surgery appliances (but not including surgical instruments) [horses carriages harness stable utensils and provisions] belonging to the said A. B. for the purpose of the said practice at the
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