Employment Contract - Physician Contract Glossary

Employment Contract

Definition

A formal agreement between a physician and their employer that outlines responsibilities, compensation, benefits, and terms of employment.

Examples in Context

“This Employment Contract (the ‘Agreement’) is entered into by and between Dr. John Doe (‘Physician’) and ABC Medical Group (‘Employer’) for a period of 24 months with automatic renewal unless terminated as outlined in Section 8.”

“The physician’s employment contract specifies a base salary of $200,000 per year, with eligibility for bonus compensation based on net collections.”

Implications for Physicians

• Defines your pay structure, job expectations, and termination conditions.
• Determines your eligibility for bonuses, vacation time, and insurance coverage.
• May restrict outside employment or require call coverage.

Negotiation Tips

• Request clear language on compensation, including how bonuses are calculated.
• Ensure contract length, renewal terms, and notice periods are detailed.
• Ask for termination conditions that are balanced for both parties.

Red Flags and Pitfalls

• Ambiguous language around job responsibilities or termination clauses.
• Contracts that limit your ability to practice elsewhere after leaving.
• Vague references to "other duties as assigned" without clarification.

Related Terms

• Term of Contract
• Termination Without Cause
• Duties and Responsibilities
• Employer
• Professional Liability Insurance

FAQs

• “Can I start work before signing my employment contract?”
  • It’s not recommended. Without a signed contract, you may lack legal protection regarding your pay, benefits, or duties.
• “Do employment contracts need to be in writing?”
  • Yes. Verbal agreements are difficult to enforce in legal disputes. Always request written confirmation of all terms.
• “Can I negotiate my employment contract?”
  • Absolutely. Most employers expect physicians to negotiate contract terms, particularly on salary, bonuses, and restrictive covenants.

Legal Disclaimer

The information provided in this glossary is for educational and informational purposes only and should not be construed as legal advice. While we strive to provide accurate and up-to-date information, this content is intended to help physicians better understand common contract terms and does not replace professional legal guidance.

For personalized advice regarding your employment contract or other legal concerns, we strongly recommend consulting with a qualified attorney who specializes in physician employment contracts.

You can find experienced legal professionals through our Physician Contract Lawyer Directory.