“A veterinarian’s sale of a practice is a life-changing and multifaceted event. More often than not, the seller is overwhelmed by the numerous considerations suddenly in play.”
In the Today’s Veterinary Business December/January issue, Peter Tanella, Esq. uses a real-world example to discuss veterinary practice sales in his “Legal Lingo” column. “In addition to continuing to run a successful hospital, the seller must give careful thought to a potential purchaser’s fit and culture and whether to work for the buyer, retire or go elsewhere. The seller also must review and negotiate complex documents with the assistance of legal counsel.”