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.

    51/302 page 35
    ' [Provided ajlways, tHat if tlie purcliaser shall not duly pay the said sum of £ {tliQ instal- canceiagree- ment) on the said day oi next or payment, within seven days thereafter the vendor shall be at liberty by giving notice in writing to that effect forthwith to cancel and determine this c agreement and to retain the said sum of £ paid to the vendor on the execution of these presents as ascertained and liquidated damages and ujDon such notice being given the said practice and everything thereto appertaining shall revert and belong to the vendor as if this agreement had never been entered into. And in such event the Restriction . . on purchaser purchaser shall not thereaiter exercise or carry on in such an or be directly or indirectly interested in exercising or carrying on upon his own account or in partnership with or as assistant to any other person the practice profession or business of physician surgeon accoucheur or apothecary at any place within miles of [during the period of years from the date hereof]. And if the purchaser shall so practise or assist any other person to practise within the limits cancel the agreement, and retain the original deposit (if any) as liquidated damages. Some of the clauses would in this case need re-drafting. Another alternative would he to charge the unpaid instalments on the practice, and to stipulate that on any default the practice should be sold, for the benefit of both parties, by a respectable firm of medical agents, who should have special power to resell to the vendor if they thought fit, and, pending sale, to employ either vendor or purchaser or any other person as locum tenens. The money to he realised should be applied first in payment of the vendor, the balance to go to the purchaser. In either alternative a defaulting purchaser should be restrained from practising in the neighbourhood. 1) 2
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