Exiting A Contract

Being aware of what is in your contract is more important than ever with 46% of physicians planning to change career paths. 

20,000 contracts

and counting...

We’ve Reviewed & Negotiated Thousands of Physician Contracts From All 50 States

The time when contract issues tend to cause the most trouble for physicians is when the termination clause is invoked. At Physicians Thrive, we are here to help you understand and negotiate your contract before you sign or when you are ready to exit. 

Submit the form below and a member of our team will reach out to your shortly.

business icons2 blue2

Get Assistance Exiting

There are many areas of your employment agreement to be aware of as you prepare to leave.  Understanding these clauses in contract can make your transition out of your current job easier.a 

Clarity
Physicians Thrive can review your contract to help you discern what you need to aware of before you terminate your contract.

Fair Pricing
Pricing for these packages varies from person to person. Talk to an advisor to get in touch with a contract attorney

Primary Clauses to Consider
Your entire contract is important as you exit, but these are a few areas that tend to take more attention as you prepare to leave your current position. 

Repayment of Bonuses

Tail Insurance

Non-Compete or Restrictive Covenant

The Right to Terminate

Intellectual Property

Physicians Thrive Contract Review Package

EMPLOYMENT CONTRACT

FULL SERVICE PLAN
$ 599 Flat Rate
  • 1 Employment Opportunity Reviewed
  • Access to Independently Contracted Attorney
  • Unlimited Consultations with Financial Advisor
  • Annual Access to MGMA Compensation Data and More
  • Compensation Audits for Your Entire Career
  • Annual Income Tax Audit
  • Option for Attorney to Negotiate on Your Behalf
  • 2-3 Day Turnaround Time
  • +$250 Per Each Additional Contract

*Additional contract reviews must be purchased within 12 months. 

Physicians Thrive Contract Review Guarantee

Physicians Thrive is proud to be the only provider with multiple guarantees, including: turn around and price matching. Ask your advisor or click here for more details.

Physicians Thrive Reviews

I was referred to Physicians Thrive by my attending during completion of my surgical critical care fellowship. As I approached my first attending position, I needed guidance and Wealth Advisor Dave Swan of Physicians Thrive has been the perfect aide through Contract Review, Own Occupation Disability Insurance and now Financial Planning and Accounting--all facets with which I was fairly unfamiliar. As we all know, medical school doesn't prepare us for any of these adult issues and Physicians Thrive has been an amazing tool to build a financial future while doing what I love. I would highly recommend this company to my colleagues as early as possible during their careers.
photo
Nakesha King M.
Excellent experience with Michaela and Steve as they helped me navigate my first contract negotiation! Highly recommended!
photo
Aaron H.
My physician contract was reviewed quickly and professionally. Two-part review includes legal review with attorney and financial review with financial advisor. Would use again.
photo
Earl S.
Dave was incredibly helpful and always available. I really appreciated all of the information and assistance.
photo
Chris H.
Michaela and Phil have been great to work with through 2 contract reviews. Very professional and easy to communicate with. Peace of mind is worth the money but they did so much more! I’m very thankful and blessed to have them work on my behalf!
photo
Kathleen E.
Working with Physicians Thrive has been a wonderful experience. We worked with Justin Nabity and Steven Stratman, who helped us navigate our first contract negotiations. Because of them, my husband and I have been able to find and negotiate terms for jobs that are a great fit for us. They are great people to have in your corner, especially when you are just coming out of training. I have already recommended Physicians Thrive to several of my co-fellows and former co-residents.
photo
Reeti G.
I worked with Dave Swan recently for disability insurance. Dave and his team were very professional and courteous. He took the time to explain to me the details about disability insurance and found the best prices for me. He was always available for questions and was overall a pleasure to work with. I will definitely recommend him to my friends and family in need for financial advice.
photo
Jigar P.
My first time working with Physicians Thrive was for a contract review, and I was really impressed by the expertise of their team. It was obvious Dave (the financial advisor) and Steve Stratman (the attorney) had worked with hundreds of physician contracts, because they were able to identify potential trouble areas quickly and explain how different clauses could negatively affect my work. They also asked me about my professional, financial and personal priorities to help understand my goals for the contract as well as provide me with help after I signed the contract with financial planning services and access to their accounting team for tax reduction strategies. Knowing they can help me with student loan repayment, planning for a new home purchase and retirement planning is so relieving at a time when I'm in transition to my new job and have so many questions about my finances.In terms of salary review, they had amazing data tools to illustrate how the salary offer compared to other doctors with a similar location, experience level, subspecialty, and even productivity levels. There is no way I could have found information with this level of detail on my own.I needed a quick turn-around and they were able to review the contract and give feedback within just a couple of days.The whole process helped me negotiate my contact confidently and strategically, and I ended up getting a better salary offer. I couldn't recommend Dave & Steve Stratman for contract review services more. I also further have a meeting set with Dave to discuss disability insurance and continue our discussion about financial education and planning in the upcoming weeks.
photo
Saurabh S.
Brilliant owner and staff. A delight to work with!
photo
Amy G.
I currently do business with Physicians Thrive and they are by far one of the most stand up, do it right, integrity based organizations I've ever worked with. Their knowledge complimented by their unbeatable follow up is what makes them the best at what they do. Additionally I'm a HUGE fan of their mission to cure blindness... truly noble efforts on that from as well!
photo
Derek P.
Extremely professional and passionate about everything they do. High integrity from owner and all staff.
photo
Rick M.
Great staff and down to earth. Can't say enough about this company and their staff!
photo
Michael W.
Justin is a Rock Star! Professional, courteous, and an industry leader.
photo
Brian G.
5 star service
photo
Ryan Z.
Justin is fantastic to work with. He is knowledgeable and really listens. I highly recommend Justin and his team.
photo
Stephen L.
I am really pleased with this entire group. They work hard to keep you engaged and up to date with important aspects of financial stability that we often times put on the back burner given our very busy schedules. They are passionate about their job and they do not use a cookie cutter approach. Each individual or family is unique and they tailor your needs to your specific situation. I have been working with them for 7 years and they have always been very helpful and professional.
photo
Andrew C.
Justin Nabity of Physicians Thrive has been representing my family for over four years. We could not be happier with the service he provides for us and our financial peace of mind. From helping with my wife's contract negotiations and ensuring we have enough insurance coverage to establishing a living will and trust for our kids, Justin has been instrumental in guiding us through the process of protecting my family's financial future. Thank you, Justin!!!
photo
Robert Terp, J.
My husband and I have been with Justin since my husband was a fellow. He has helped us navigate life insurance, disability insurance and financial planning. Over the years, he has become not only our financial planner but a friend. I recommend Justin and Physicians Thrive to physicians and non physicians anytime someone mentions needing a financial planner!
photo
Amanda B.
The team members at Physicians Thrive are highly committed to the success of their clients. They all go above and beyond and exceed client expectations.
photo
steven S.
I have been very pleased with Physician's Thrive. Their representatives are always responsive and helpful. Michaela is pleasant and eager to help. Even if something is outside of her scope, she will talk to her colleagues or do some research to help provide guidance. It is great to have one reliable place to go for a wide range of services. I highly recommend them to anyone who asks.
photo
Ealena C.
Great company to work with, helped me set up own occupation disability insurance and were very helpful and great at explaining things along the way.
photo
Nick P.
Great people and great company
photo
gifhack
What an amazing, honest and successful firm. Thank you!
photo
Derrick E.
This firm does a tremendous job for their clients!
photo
Harry A.
First class perofessionals. Dedicated to doing what is right for their clients.
photo
Guy Baker, PhD, MBA, M.
A team that has vision, passion and care for their clients. Appreciate the philanthropic mission in giving back to others.
photo
Jeff B.
Justin is so knowledgeable, professional, and easy to work with. I cannot recommend him and his company highly enough.
photo
Morgan D.
We've been using these guys for about 7 years now and wouldn't think of going anywhere else. Great people, trustworthy as can be. Just really glad we came across them.And...if you're a pilot they can set you up w/ the right kind of insurance 😉
photo
Jeremy A.
Justin and his team are top notch and provide a level of specialized service that is not found very often.
photo
Aaron M.
This is an excellent company that is driven by purpose. I really admire what Justin and his team are doing for Physicians and the community.
photo
Curt D.
Justin Nabity is an excellent business leader with high integrity and the best interests of his clients front of mind. I have learned a lot about Justin while working with him on the board of the Entrepreneurs Organization
photo
Dan H.
If you are a physician and need an advisory group please check these guys out! They help many make confident financial choices everyday in everything from contracts, insurance to retirement planning. So awesome to have a financial company specialize in a group instead of go for the masses.
photo
Lallenia B.
Very forward thinking company that is client focused with strong community awareness
photo
Shawn K.
Fantastic resource. incredible value provided to our clients. Cannot recommend Justin strongly enough.
photo
hunter E.
This is such a great company with an amazing vision for the future! The owners are very focused and hardworking!
photo
Sierra K.
yH5BAEAAAAALAAAAAABAAEAAAIBRAA7
I was referred to Physicians Thrive by my attending during completion of my surgical critical care fellowship. As I approached my first attending position, I needed guidance and Wealth Advisor Dave Swan of Physicians Thrive has been the perfect aide through Contract Review, Own Occupation Disability Insurance and now Financial Planning and Accounting--all facets with which I was fairly unfamiliar. As we all know, medical school doesn't prepare us for any of these adult issues and Physicians Thrive has been an amazing tool to build a financial future while doing what I love. I would highly recommend this company to my colleagues as early as possible during their careers.
photo
Nakesha King M.
Excellent experience with Michaela and Steve as they helped me navigate my first contract negotiation! Highly recommended!
photo
Aaron H.
My physician contract was reviewed quickly and professionally. Two-part review includes legal review with attorney and financial review with financial advisor. Would use again.
photo
Earl S.
Dave was incredibly helpful and always available. I really appreciated all of the information and assistance.
photo
Chris H.
Michaela and Phil have been great to work with through 2 contract reviews. Very professional and easy to communicate with. Peace of mind is worth the money but they did so much more! I’m very thankful and blessed to have them work on my behalf!
photo
Kathleen E.
Working with Physicians Thrive has been a wonderful experience. We worked with Justin Nabity and Steven Stratman, who helped us navigate our first contract negotiations. Because of them, my husband and I have been able to find and negotiate terms for jobs that are a great fit for us. They are great people to have in your corner, especially when you are just coming out of training. I have already recommended Physicians Thrive to several of my co-fellows and former co-residents.
photo
Reeti G.
I worked with Dave Swan recently for disability insurance. Dave and his team were very professional and courteous. He took the time to explain to me the details about disability insurance and found the best prices for me. He was always available for questions and was overall a pleasure to work with. I will definitely recommend him to my friends and family in need for financial advice.
photo
Jigar P.
My first time working with Physicians Thrive was for a contract review, and I was really impressed by the expertise of their team. It was obvious Dave (the financial advisor) and Steve Stratman (the attorney) had worked with hundreds of physician contracts, because they were able to identify potential trouble areas quickly and explain how different clauses could negatively affect my work. They also asked me about my professional, financial and personal priorities to help understand my goals for the contract as well as provide me with help after I signed the contract with financial planning services and access to their accounting team for tax reduction strategies. Knowing they can help me with student loan repayment, planning for a new home purchase and retirement planning is so relieving at a time when I'm in transition to my new job and have so many questions about my finances.In terms of salary review, they had amazing data tools to illustrate how the salary offer compared to other doctors with a similar location, experience level, subspecialty, and even productivity levels. There is no way I could have found information with this level of detail on my own.I needed a quick turn-around and they were able to review the contract and give feedback within just a couple of days.The whole process helped me negotiate my contact confidently and strategically, and I ended up getting a better salary offer. I couldn't recommend Dave & Steve Stratman for contract review services more. I also further have a meeting set with Dave to discuss disability insurance and continue our discussion about financial education and planning in the upcoming weeks.
photo
Saurabh S.
Brilliant owner and staff. A delight to work with!
photo
Amy G.
I currently do business with Physicians Thrive and they are by far one of the most stand up, do it right, integrity based organizations I've ever worked with. Their knowledge complimented by their unbeatable follow up is what makes them the best at what they do. Additionally I'm a HUGE fan of their mission to cure blindness... truly noble efforts on that from as well!
photo
Derek P.
Extremely professional and passionate about everything they do. High integrity from owner and all staff.
photo
Rick M.
Great staff and down to earth. Can't say enough about this company and their staff!
photo
Michael W.
Justin is a Rock Star! Professional, courteous, and an industry leader.
photo
Brian G.
5 star service
photo
Ryan Z.
Justin is fantastic to work with. He is knowledgeable and really listens. I highly recommend Justin and his team.
photo
Stephen L.
I am really pleased with this entire group. They work hard to keep you engaged and up to date with important aspects of financial stability that we often times put on the back burner given our very busy schedules. They are passionate about their job and they do not use a cookie cutter approach. Each individual or family is unique and they tailor your needs to your specific situation. I have been working with them for 7 years and they have always been very helpful and professional.
photo
Andrew C.
Justin Nabity of Physicians Thrive has been representing my family for over four years. We could not be happier with the service he provides for us and our financial peace of mind. From helping with my wife's contract negotiations and ensuring we have enough insurance coverage to establishing a living will and trust for our kids, Justin has been instrumental in guiding us through the process of protecting my family's financial future. Thank you, Justin!!!
photo
Robert Terp, J.
My husband and I have been with Justin since my husband was a fellow. He has helped us navigate life insurance, disability insurance and financial planning. Over the years, he has become not only our financial planner but a friend. I recommend Justin and Physicians Thrive to physicians and non physicians anytime someone mentions needing a financial planner!
photo
Amanda B.
The team members at Physicians Thrive are highly committed to the success of their clients. They all go above and beyond and exceed client expectations.
photo
steven S.
I have been very pleased with Physician's Thrive. Their representatives are always responsive and helpful. Michaela is pleasant and eager to help. Even if something is outside of her scope, she will talk to her colleagues or do some research to help provide guidance. It is great to have one reliable place to go for a wide range of services. I highly recommend them to anyone who asks.
photo
Ealena C.
Great company to work with, helped me set up own occupation disability insurance and were very helpful and great at explaining things along the way.
photo
Nick P.
Great people and great company
photo
gifhack
What an amazing, honest and successful firm. Thank you!
photo
Derrick E.
This firm does a tremendous job for their clients!
photo
Harry A.
First class perofessionals. Dedicated to doing what is right for their clients.
photo
Guy Baker, PhD, MBA, M.
A team that has vision, passion and care for their clients. Appreciate the philanthropic mission in giving back to others.
photo
Jeff B.
Justin is so knowledgeable, professional, and easy to work with. I cannot recommend him and his company highly enough.
photo
Morgan D.
We've been using these guys for about 7 years now and wouldn't think of going anywhere else. Great people, trustworthy as can be. Just really glad we came across them.And...if you're a pilot they can set you up w/ the right kind of insurance 😉
photo
Jeremy A.
Justin and his team are top notch and provide a level of specialized service that is not found very often.
photo
Aaron M.
This is an excellent company that is driven by purpose. I really admire what Justin and his team are doing for Physicians and the community.
photo
Curt D.
Justin Nabity is an excellent business leader with high integrity and the best interests of his clients front of mind. I have learned a lot about Justin while working with him on the board of the Entrepreneurs Organization
photo
Dan H.
If you are a physician and need an advisory group please check these guys out! They help many make confident financial choices everyday in everything from contracts, insurance to retirement planning. So awesome to have a financial company specialize in a group instead of go for the masses.
photo
Lallenia B.
Very forward thinking company that is client focused with strong community awareness
photo
Shawn K.
Fantastic resource. incredible value provided to our clients. Cannot recommend Justin strongly enough.
photo
hunter E.
This is such a great company with an amazing vision for the future! The owners are very focused and hardworking!
photo
Sierra K.
yH5BAEAAAAALAAAAAABAAEAAAIBRAA7

Get a quality contract review, guaranteed.

Check out our guarantee included with every Physicians Thrive contract review.

Get a quality contract review, guaranteed.

Check out our guarantee included with every Physicians Thrive contract review.

Parts of a contract to consider before exiting

576519 PLSHE7 9452 1024x683

Repayment of Bonuses

Before you sign a contract, it is necessary for physicians to minimize the amount they may be required to repay for bonuses. 

In the case of exiting a contract, be aware of the requirements to repay sign-on bonuses, residency stipends, relocation reimbursements, or student loan assistance.  There are often constraints built into the contract in order to incentivize the physician to remain at the same practice for a number of months or years. 

Additionally, know when you typically receive salary and RVU or productivity bonuses so that you don’t miss out on receiving this compensation which you have earned before you exit. 

 

Tail Insurance

Tail insurance is a must-have item before you exit your agreement, whether you have it paid through your employer or as an individual policy. Because it is a large expense, many physicians prefer to negotiate it in their employment contract before starting in a new position. As you prepare to leave your job, knowing what that coverage includes after termination is important not only to protect you from any liabilities from your current job but also if you need to secure coverage before starting your next position.

Non-Compete or Restrictive Covenant

During your initial contract negotiation, minimize the distance and time of any non-compete restraints included in the contract. Otherwise, as you exit be aware of any restrictions your current employer may have included within the same city, for an amount of time, or even for practicing in your sub-specialty. Legal action can be taken if you do not follow these guidelines.

The Right to Terminate

The Right to Terminate is a clause that provides guidelines on how to exit the contract. This includes how much time you need to give notice to your employer about your exit along with instructions on how to submit your termination.

Intellectual Property

All physicians, and especially those who are also involved in research, should be aware of any clauses regarding intellectual property rights so that their work, such as inventions, techniques, or research, are considered the property of themselves and not their employer after termination. This part of the contract can be negotiated before signing. If you are not sure what your contract says, it’s important to find out before exiting because these clauses can carry significant restrictions.

 

Ready for Review?

Whether you’re entering a new contract or exiting an old one, renegotiating an annual review or transitioning into a partnership, the experts at Physicians Thrive can take care of your review.