Absolutely. The best thing the owner of a practice can do when he wants to sell his practice (and has an associate with no contract working in the practice) is to offer to pay $5000 or $10,000 to the associate as consideration for a restrictive covenant that can be transferred to a new purchaser.
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Absolutely. The best thing the owner of a practice can do when he wants to sell his practice (and has an associate with no contract working in the practice) is to offer to pay $5000 or $10,000 to the associate as consideration for a restrictive covenant that can be transferred to a new purchaser. The point is that by having the seller buy a transferable R/C from the associate and conveying that to the purchaser will allow the seller to be paid for the full value of the practice instead of it being highly discounted because the associate has no contract and could compete with the practice after it is sold.
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