FTA Group Services - Page 23

Aside from buying and selling practices our commercial property team have a
wide range of general property experience and can assist with a variety of other
issues including acting for landlords or tenants in respect of business leases,
rent reviews, licences to occupy business premises, assured shorthold tenancy
agreements and also re-financing existing lending or taking additional funding
over commercial or residential property.
We appreciate that property documents can be complex and contain lots of
legal jargon, that’s why our experienced team are always happy to answer any
queries you have in relation to the property elements, no matter what stage of
the process.
Nominal Partnerships….
If you’ve got an NHS contract, have you protected it? The best way of
protecting your NHS contract is to consider a ‘Nominal Partnership’
arrangement with another individual (dentist). This means that if something
were to happen to you, you would not lose your contract and you are
effectively safeguarding your estate/family if your business were to be sold
further down the line.
If your contract is not protected, there is a possibility that your contract will be
‘lost’ by your estate and the value that you could have been relying on to
support your family in the future also being lost.
Death and mental incapacity can be ruinous for a business and its employees,
let alone the family members and others expecting to inherit. We have seen
several cases where a practice has lost the NHS contract upon death of the
principal and the Local Area Team have put the contract out to tender leaving
the beneficiaries unable to realise its goodwill value.
If you’ve got any questions or concerns about how best to do this, our legal
team would be happy to talk it through with you.
Page 23


Powered by

Full screen Click to read
Paperturn flipbook viewer
Download as PDF
Shopping cart
Full screen
Exit full screen