Partnership Agreement
Secure your Texas SLP practice with a compliant Partnership Agreement. Addresses HIPAA, Texas Business and Commerce Code, and profit-sharing for clinicians.
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Starting a joint speech therapy practice in Texas requires more than just clinical expertise; it demands a robust legal framework that addresses unique industry risks like treatment outcome liability... Read more
Starting a joint speech therapy practice in Texas requires more than just clinical expertise; it demands a robust legal framework that addresses unique industry risks like treatment outcome liability and insurance billing errors. A well-crafted Partnership Agreement ensures compliance with the Texas Business and Commerce Code while protecting your ASHA CCC-SLP credentials. By clearly defining profit and loss sharing, management control, and IEP-related responsibilities, you mitigate the risk of disputes and ensure your telepractice or clinic remains HIPAA-compliant and financially stable under Texas law.
Beyond the standard partnership agreement sections, this template adds fields specific to Speech Therapist:
A Partnership Agreement legally establishes the rights, responsibilities, and obligations of each partner involved in a business partnership. Its core purpose is to detail how the partnership will operate, distribute profits and losses, and outline procedures for resolving disputes and handling eventualities such as withdrawal or death of a partner.
HIPAA compliance violations
Include clauses on data protection practices in contracts and ensure a Business Associate Agreement (BAA) is signed if sharing patient information with third parties.
For this partnership agreement to be legally valid:
Common mistakes to avoid:
Under Tex. Bus. & Com. Code § 15.50, non-compete clauses must be ancillary to an otherwise enforceable agreement. Our template ensures that any restrictive covenants are drafted to meet Texas's strict enforceability standards, protecting your clinic's patient list while respecting your professional mobility.
The agreement includes mandated Indemnification and Liability clauses. These sections delineate responsibility for billing audits or Medicare/Medicaid reimbursement disputes (CMS compliance), ensuring that one partner's documentation errors don't unfairly penalize the other's personal assets.
While the agreement itself establishes business structure, it facilitates compliance by defining data protection roles under the Texas Business & Commerce Code for disposing of records and ensuring all partners adhere to HHS OCR standards, including the requirement for Business Associate Agreements (BAAs) when necessary.
The 'Withdrawal or Death of Partner' clause is customized to include professional disqualification. This allows for a structured dissolution or buyout if a partner fails to maintain their license with the Texas state-specific speech-language pathology licensing board.
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