Associate Contracts FINALLY Made Sense! From Holidays to Retention Fees – IC051

Paying through the nose for your indemnity? You may get better protection with insurance AND it has saved Dentists £1000s - get a quote today from PDI / AllMedPro and get an additional £100 off (this is a promotional link that will save you money) Associate contracts are actually a HUGE deal that we do not give enough attention to... How long can your principal keep your retention for? Is it really true you cannot work within a certain radius? How principals and associates may be getting screwed over by the poor contract! Finding the right principal/associate is very exciting, so much so that we sometimes forget how important it is to read through the small print of our contract.  This can prove very costly in the future in our industry where mistakes do happen, so it is extremely important to be aware of what we are signing up for. https://youtu.be/lC_POxlmL_U Watch IC051 on Youtube Join us today with Neel Jaiswal and Sarah Buxton for a breakdown of how to negotiate the right contract for you, the power of being an Associate in this day and age, and the importance of Insurance. There’s a lot more in this episode so don’t miss out…’Court is in session!’ Need to Read it? Check out the Full Episode Transcript below! Highlights of this Episode:02:08 Sarah Buxton and Dr Neel Jaiswal 08:40 Associate Contracts11:15 Who Checks the Contract?13:50 Contract Bias towards Principals?18:50 Getting Contracts Checked21:28 Retention of Fees30:48 Annual Leave35:00 Exclusion Zones43:04 Vicarious Liability52:18 How to get in touch For the full educational experience, our Ultimate Education Plan gives you access to all our courses, webinars, and exclusive monthly content. This includes Vertipreps for Plonkers and clinical videos demonstrating Onlay Preps. If you liked this episode, you will also like GF019 - Indemnity vs Insurance Click below for full episode transcript: Jaz's Introduction: If you're an associate, when you joined the practice, did you read and did you understand your contract? And if you're a principal, do you actually understand the contract that you're giving to your associate? Jaz's Introduction:Look, something I make very clear in this episode is that I'm a man of trust. I'm not the biggest fan of forms and contracts. I don't really think any of us are, right? My biggest currency is trust. However, in this day and age, unfortunately Protruserati, trust is not enough. We need everything backed by writing and unfortunately a huge takeaway of this podcast will be that contracts are super super important to the letter. So it is my duty to make contracts tangible. In this episode joined by Sarah Buxton and Dr. Neel Jaiswal. Sarah is representing the legal side and Neil's representing the medical legal side. So together we're going to make dental contracts tangible for you. Everything from what is a fair retention fee to withhold from an associate after they stop working to who should be paying to get a contract checked. This one actually might surprise you actually. So who should be paying? Should your contracts be checked? The answer is yes, they should be, believe it or not. Who should be paying for it? What about the retention fee? What about vicarious liability? What if an associate messes up? And now the practice is responsible. How do you cover that in a contract? What about the clause that you can't work X number of miles away when you leave a practice? Is that actually enforceable? Is it actually worth the paper it's written on? And so with all these themes, this I promise you will be the most to the point, concise and actionable piece of education on dental contracts you'll ever listen to. Hello, Protruserati, I'm Jaz Gulati, and welcome back to an Interference Cast, which is an arm of Protrusive Dental Podcast, where we discuss non clinical but important topics. This particular episode is eligible for one hour of CPD. You just have to answer some questions under the Protrusive Guidance Network, which is on the website. You can like access on the laptop my entire network. It's got all my educational content and the forum on there as well. That's www. protrusive. app and the native iOS or Android app, which is Protrusive Guidance. The best way to do it is that you make the account on the web and then use that login on your native app. So if you love protrusive, you want the full experience, do check us out on there. But without further ado, let's demystify these contracts. Main Episode:Sarah Buxton, welcome to the Protrusive Dental Podcast and our guests. Once again, Neel Jaiswal, Dr. Neel Jaiswal. Great to have you here, sir. Really, really super important. Like this is kind of the topic that I'm so in love with clinical dentistry. And when we talk about contracts and stuff, like it is for me, it's a snore fest. However, the difference today is that we're going to cover the super important, the key things that actually we're all talking about on all the dental forums. Sarah, I think you get bombarded with these contract questions that we're covering today. So I'm actually really excited to actually get some answers, get to the bottom, all these nitty gritty little details before we continue. Sarah, please introduce yourself. How did you get in to the dental space. [Sarah]Thank you. Well, I must be a bit like you because I get really excited about contract law. So we can be sad together, but yeah, thank you for having me. Yeah. I'm Sarah Buxton. I'm one of the directors and owners of Buxton Coates Solicitors. We are a niche firm that advises dental practice managers, associates, buyers, sellers, all aspects of buying and selling and running a dental practice. And my specialism is employment and HR law. I didn't wake up one morning and think, oh, it'd be really, really good to act within the dental industry. I fell into it by having one dental client and I thought, oh, it's quite interesting, did a good job and then it grew from there and actually it is quite an interesting area of law for an employment solicitor, especially especially when it comes to self employed associates and workers and employee status. So over 15 years experience. So I always say to our clients, look, you don't have to explain to me what a UDA is. I understand, I know the acronyms. So yeah, always, always happy to have a chat with people. And yeah, I really do enjoy this topic that we're going to speak about today. [Jaz]Good. I'm glad someone's passionate about it, but we know we want answers. We definitely want answers. And that's why we're going to be picking your brains today. It's a bit of a minefield. I feel there's a lot going on, especially the last few years, then talking about the whole self employed and employed, and there's a lot of confusion regarding that. So seeking some clarity, Neel, my friend, you are here as someone who's representing the medical legal challenges that can sometimes come between. So there's been a nice interplay here between us. Sometimes we seek help from our indemnities, right? When it comes to these issues and is that in a rightly or wrongly and also we'll talk about vicarious liability, right? This new, not new things been around for a while, but it's a very much a hot topic as well. And so I think that's where you're going to come into a lot. We're looking to get a borrow your expertise and your experiences, but Neel, for anyone who has not listened to our previous episodes, we've done loads of medical, legal ones, including a really big one that got a lot of positivity. A lot of love was insurance versus indemnity. What are the differences? So if anyone has not listened to that, please, please, please do yourself a massive favor, save yourself thousands and listen to that episode, but Neel, just introduce yourself, my friend, for those who haven't listened to that episode. [Neel]Well, thank you again, just for having me today. Always a pleasure. And nice to see Sarah again. Yeah. I'm a director of professional dental indemnity, and I've been doing that for about five years now. So it's been a learning curve for me. I was like, you're a dentist. We don't really know about contracts. We don't really know about GDC. We try to stay away from all these things. And then I kind of, a bit like Sarah, fell into it and started to help people. And so PDI has been going for five years, but I've still got my clinical practice and my practice here in Hertfordshire. So I'm always happy to help. And I don't know if you remember, Jaz, how this topic came up. I think it was like 11 o'clock at night and I texted Jaz, can you talk? I know it's late. I know you've got a young family. Same here. And I just had a call from a client. It's a PDI client. And it was so unfair. I think her principal was basically keeping six months of gross for the renewal fee. And she was newly qualified, she was in tears. And I've heard it a couple of times before now, this thing where principals are taking the retention- [Jaz]Can I stop you there, Neel? By renewal fee, do you mean the retention fee? [Neel]Retention fee, sorry. I've just come from the gym, as I was saying to Sarah. So I'm a bit light headed. [Jaz]That's fine. So retention fee, for those who are not familiar with it, this is where you're leaving your place of work where you're an associate, but then they keep some money aside so that in case there are any failures or the whole point of it is in case any failures, any remedial work that needs to be done, there's a pot of money that they can use. And after a certain amount of time, it's going to be six months, 12 months, Sarah, I'll ask you later. What's a reasonable amount of time. We'll talk about that. But then that should be ideally returned to the associate. Have I got that right? Any amendments to what I've just said? [Neel]Yeah, that was the case. And in this case,