Medical Practice Partnership Agreement | Sikunyana Inc.

Set clear expectations for running a medical practice together with Sikunyana Inc.’s Medical Practice Partnership Agreement Template for South Africa. Developed for medical practitioners operating a shared practice, this template addresses partners’ contributions, management responsibilities and financial arrangements.

Based on equal participation, it covers everyday practice management and events that can affect continuity, including leave, incapacity, retirement and a partner’s departure.

What the agreement covers:

• Contributions and finances: Capital contributions, profit and loss sharing, drawings and partnership accounts.
• Practice management: Decision-making, voting rights, banking arrangements and limits on individual authority.
• Leave and continuity: Holiday and sabbatical leave, incapacity and arrangements for locum cover.
• Insurance responsibilities: Provisions concerning malpractice, incapacity and life insurance.
• Partner departures: Goodwill valuation, buyouts, termination and the distribution of partnership assets.

Suitable for medical practitioners establishing a joint practice or reviewing an existing partnership. Adapt the contributions, management arrangements, financial terms and exit provisions to the partners’ agreed relationship.

Add the Medical Practice Partnership Agreement Template to your cart and define how your practice will operate.