DOWNLOAD THE GUIDE Contract Review: Exiting an Employment Agreement It is crucial that you understand what is in your contract and what particular terms and conditions you should be aware of as you prepare to exit. Name(Required) First Last Employment Status(Required)Employment StatusResidentFellowPracticing PhysicianMedical StudentProgram CoordinatorProgram DirectorProgram Completion Year(Required)What year will you complete residency/fellowship?2022202320242025202620272028202920302031Primary Specialty(Required)Primary SpecialtyAllergy/ImmunologyAnesthesiologyAnesthesiology: Pain ManagementBariatrics (Nonsurgical)/Obesity MedicineCardiology: ElectrophysiologyCardiology: InvasiveCardiology: Invasive-InterventionalCardiology: NoninvasiveClinical PharmacologyCritical Care: IntensivistDentistryDermatologyDermatology: DermatopathologyDermatology: Mohs SurgeryEmergency MedicineEndocrinology/MetabolismFamily Medicine (with OB)Family Medicine (without OB)Family Medicine: Ambulatory Only (No Inpatient Work)Family Medicine: Sports MedicineFamily Medicine: Urgent CareGastroenterologyGastroenterology: HepatologyGeneticsGeriatricsHematology/OncologyHematology/Oncology: Oncology (Only)Hospice/Palliative CareHospitalist: Family MedicineHospitalist: Internal MedicineHospitalist: OB/GYNHyperbaric Medicine/Wound CareInfectious DiseaseInternal Medicine: GeneralInternal Medicine: Ambulatory Only (No Inpatient Work)NephrologyNeurologyNeurology: Epilepsy/EEGNeurology: NeuromuscularNeurology: Stroke MedicineObstetrics/Gynecology: GeneralOB/GYN: Gynecology (Only)OB/GYN: Gynecological OncologyOB/GYN: Maternal and Fetal MedicineOB/GYN: Reproductive EndocrinologyOB/GYN: UrogynecologyOccupational MedicineOphthalmologyOphthalmology: Corneal and Refractive SurgeryOphthalmology: GlaucomaOphthalmology: NeurologyOphthalmology: Oculoplastic and Reconstructive SurgeryOphthalmology: RetinaOrthopedic (Nonsurgical)Orthopedic Surgery: GeneralOrthopedic Surgery: Foot and AnkleOrthopedic Surgery: HandOrthopedic Surgery: Hip and JointOrthopedic Surgery: OncologyOrthopedic Surgery: Shoulder/ElbowOrthopedic Surgery: SpineOrthopedic Surgery: TraumaOrthopedic Surgery: Sports MedicineOtorhinolaryngologyPain Management: NonanesthesiaPathology: Anatomic and ClinicalPathology: AnatomicPathology: Anatomic-AutopsyPathology: Anatomic-CytopathologyPathology: Anatomic-NeuropathologyPathology: Anatomic-RenalPathology: ClinicalPathology: Clinical-HematopathologyPathology: Clinical-Transfusion MedicinePathology: SurgicalPediatrics: GeneralPediatrics: Adolescent MedicinePediatrics: Allergy/ImmunologyPediatrics: AnesthesiologyPediatrics: Bone Marrow TransplantPediatrics: CardiologyPediatrics: Cardiovascular SurgeryPediatrics: Child DevelopmentPediatrics: Clinical and Lab ImmunologyPediatrics: Critical Care/IntensivistPediatrics: DermatologyPediatrics: Emergency MedicinePediatrics: EndocrinologyPediatrics: GastroenterologyPediatrics: GeneticsPediatrics: Hematology/OncologyPediatrics: HospitalistPediatrics: Hospitalist-Internal MedicinePediatrics: Infectious DiseasePediatrics: Internal MedicinePediatrics: Neonatal MedicinePediatrics: NephrologyPediatrics: NeurologyPediatrics: NeurosurgeryPediatrics: OphthalmologyPediatrics: Orthopedic SurgeryPediatrics: OtorhinolaryngologyPediatrics: Plastic and Reconstruction SurgeryPediatrics: PulmonologyPediatrics: RadiologyPediatrics: RheumatologyPediatrics: Sports MedicinePediatrics: SurgeryPediatrics: Urgent CarePediatrics: UrologyPhysiatry (Physical Medicine and Rehabilitation)Podiatry: GeneralPodiatry: Surgery-Foot and AnklePodiatry: Surgery-Forefoot OnlyPsychiatry: GeneralPsychiatry: Addiction MedicinePsychiatry: Chemical DependencyPsychiatry: Child and AdolescentPsychiatry: ForensicPsychiatry: GeriatricPulmonary Medicine: GeneralPulmonary Medicine: Critical CarePulmonary Medicine: General and Critical CareRadiation OncologyRadiology: InterventionalRadiology: DiagnosticRadiology: NeurologicalRadiology: Nuclear MedicineRheumatologySleep MedicineSurgery: GeneralSurgery: BariatricSurgery: BreastSurgery: CardiovascularSurgery: Colon and RectalSurgery: EndocrineSurgery: Endovascular (Primary)Surgery: NeurologicalSurgery: OncologySurgery: OralSurgery: Plastic and ReconstructionSurgery: Plastic and Reconstruction-HandSurgery: Thoracic (Primary)Surgery: TransplantSurgery: Transplant-HeartSurgery: Transplant-Heart/LungSurgery: Transplant-KidneySurgery: Transplant-LiverSurgery: TraumaSurgery: Trauma-BurnSurgery: Vascular (Primary)Urgent CareUrologyAnesthesia AssistantAudiologistCertified Registered Nurse AnesthetistChiropractorDietician/NutritionistLicensed Clinical Social WorkerNurse Midwife: Outpatient/Inpatient DeliveriesNurse Midwife: Outpatient (Only)Nurse Midwife: Inpatient (Only)NP: Acute CareNP: AdultNP: CardiologyNP: Emergency MedicineNP: EndocrinologyNP: Family Medicine (with OB)NP: Family Medicine (without OB)NP: GastroenterologyNP: Gerontology/Elder HealthNP: Hematology/OncologyNP: Hospitalist (Primary Care)NP: Internal MedicineNP: Neonatal/PerinatalNP: NeurologyNP: NeurosurgeryNP: Pediatric/Child HealthNP: PsychiatryNP: OB/GYN/Women's HealthNP: Orthopedics (Surgical)NP: Orthopedics (Nonsurgical/Nonprimary Care)NP: Pulmonary MedicineNP: Urgent CareNP: UrologyNP (Surgical)NP (Primary Care)NP (Nonsurgical/Nonprimary Care)Occupational TherapistOptometristOrthotist/ProsthetistPerfusionistPhDPhysical TherapistPA (Surgical)PA: Orthopedic (Surgical)PA: Surgery: GeneralPA: Cardiothoracic SurgeryPA: NeurosurgeryPA: UrologyPA (Primary Care)PA: Family Medicine (with OB)PA: Family Medicine (without OB)PA: Hospitalist (Primary Care)PA: Internal MedicinePA: PediatricPA: Urgent Care (Primary Care)PA: OB/GYN/Women's HealthPA (Nonsurgical/Nonprimary Care)PA: CardiologyPA: DermatologyPA: Emergency MedicinePA: GastroenterologyPA: Hospitalist (Nonsurgical/Nonprimary Care)PA: NeurologyPA: Orthopedic (Nonsurgical/Nonprimary Care)PA: Pulmonary MedicinePA: Urgent Care (Nonsurgical/Nonprimary Care)PsychologistResearchResearch: MDSocial WorkerSpeech TherapistSurgeon AssistantState of Residence(Required)State of ResidenceALAKAZARCACOCTDEFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNHNJNMNYNCNDOHOKORPARISCSDTNTXUTVTVAWAWVWIWYEmail(Required) By providing your email you are consenting to receiving informational emails from Physicians Thrive. You may unsubscribe at any time.CAPTCHA Δ What’s Inside the Guide? Thrive with the right protection for your practice. Get Started Repayment of Bonuses While bonuses or reimbursement can make a contract very attractive, they are usually accompanied by repayment obligations if the agreement is terminated early for any reason. Tail Insurance Understanding what type of malpractice insurance you have is vital to protect yourself from potential lawsuits in the future. Get clarity on how tail coverage will be handled before you sign. Non-Compete and Restrictive Covenants Get to know what is fair and regular in terms of a physician leaving a practice and what is included in your contract. Look at the scope of work, geographical area, and length of time. Intellectual Property Beware of over-reaching language which may claim complete or partial ownership rights to inventions, new medical devices, break-through treatments, or procedures that you develop. Know Your Next Contract Gain confidence in your knowledge of contracts and employment offers. The best time to have a contract reviewed by your attorney is before you sign. An experienced attorney can identify areas that could become problems and take care of them before they do so. The second best time to review your agreement is before you give notice to leave your current position. If you are thinking about changing employers, you need to plan your exit to create a smooth transition for both you and your employer. Having a full understanding of what both you and you employer have agreed to will help you fulfill the terms of your contract and prevent any costly misunderstandings. Call Us Need a Contract Review? Physicians Thrive is the only contract review provider who gives physicians access to both a licensed attorney and certified financial planner with every review. 877-744-9474 —Call Us Today Our Resources and eBooks A Wealth of Knowledge View Blog View Resources Browse More by Make more money Manage your money Protect your money My Practice 3 Ways to Avoid Taxes on Life Insurance Benefits Veronica Baxter | Boonswang Law Firm As a general rule, they do not tax proceeds from a life insurance policy […] Read The Article 5 Smart Financial Moves for Residents and Fellows to Prepare for the Future Steps you can take today toward a firm financial foundation Medical residents and fellows have an enviable opportunity to build […] Read The Article 6 Major Risks to Family Wealth All too often, family wealth fails to last. 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