Common use of Practice Site Clause in Contracts

Practice Site. i. Manager shall provide to Physician, for his non-exclusive use in operating the Practice, the premises located at , together with all appurtenances, improvements and fixtures (collectively, the “Practice Site”). Changes in location of the Practice Site may be effected by Manager as of the expiration of any lease or other arrangement by which Manager leases or occupies the Practice Site or at any other time as may be approved in writing by Manager after consultation with Physician. Further, Manager shall have the exclusive right to manage Physician’s Practice at any additional location at which Physician provides medical services, and such additional locations shall be considered a “Practice Site” for purposes of this Agreement, and Physician’s performance of medical services at such additional Practice Site(s) shall be subject to the terms and conditions contained in this Agreement. Physician acknowledges that this Agreement and Manager’s provision of any Practice Site to Physician gives Physician only a conditional right to use the Practice Site, which right shall automatically expire, without notice or further action by Manager, upon the expiration or early termination of this Agreement for any reason, and Physician shall immediately vacate the Practice Site upon such expiration or early termination. Physician further acknowledges that no leasehold interest is created or conveyed by this Agreement, and that no landlord- Services will increase as the volume of Physician’s Practice increases. Manager and Physician acknowledge that the Fee, as such term is defined below, has resulted from arm’s length negotiations between the parties and does not take into account the volume or value of referrals or business otherwise generated between the parties, and is consistent with fair market value for the Services, including the Office Equipment, Medical Equipment and Practice Site provided by Manager to Physician. Accordingly, as compensation in full for the performance of the Services hereunder, Physician shall pay Manager a fee of forty-five percent (45%) of Physician’s Gross Revenues received during each calendar month during the term of this Agreement (the “Management Fee”). As used herein, the term “Gross Revenues” shall be defined to mean all amounts received by Physician relating to any and all professional services and ancillary services related to medical rendered by Physician and the Licensed Health Professionals to patients at the Practice Site, whether such revenues are received in cash from patients, private or prepaid insurance, other third party payors or any other source. If Physician or the Licensed Health Professionals directly receive any Gross Revenues, Physician shall immediately deliver any and all such Gross Revenues to Manager for deposit into the Operational Account.

Appears in 1 contract

Sources: Medical Practice Management Services Agreement

Practice Site. i. Manager shall provide to Physician, for his non-exclusive use in operating the Practice, the premises located at ▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, together with all appurtenances, improvements and fixtures (collectively, the “Practice Site”). Changes in location of the Practice Site may be effected by Manager as of the expiration of any lease or other arrangement by which Manager leases or occupies the Practice Site or at any other time as may be approved in writing by Manager after consultation with Physician. Further, Manager shall have the exclusive right to manage Physician’s Practice at any additional location at which Physician provides medical tattoo removal services, and such additional locations shall be considered a “Practice Site” for purposes of this Agreement, and Physician’s performance of medical tattoo removal services at such additional Practice Site(s) shall be subject to the terms and conditions contained in this Agreement. Physician acknowledges that this Agreement and Manager’s provision of any Practice Site to Physician gives Physician only a conditional right to use the Practice Site, which right shall automatically expire, without notice or further action by Manager, upon the expiration or early termination of this Agreement for any reason, and Physician shall immediately vacate the Practice Site upon such expiration or early termination. Physician further acknowledges that no leasehold interest is created or conveyed by this Agreement, and that no landlord- Services will increase as the volume of landlord-tenant relationship is created by this Agreement or otherwise exists between Manager and Physician’s Practice increases. ii. Manager shall provide or arrange for the provision of all of the lessee maintenance and Physician acknowledge repair obligations for the Practice Site that are required to be performed pursuant to the Feeterms of the Practice Site lease between Manager and its landlord, as such term is defined below, has resulted from arm’s length negotiations between the parties and does not take into account the volume or value of referrals or business otherwise generated between the parties, and is consistent with fair market value for the Services, including the Office Equipment, Medical Equipment and Practice Site provided by Manager to Physician. Accordingly, well as compensation in full for the performance of the Services hereunder, Physician shall pay Manager a fee of forty-five percent (45%) of Physician’s Gross Revenues received during each calendar month during the term of this Agreement (the “Management Fee”). As used herein, the term “Gross Revenues” shall be defined to mean all amounts received by Physician relating to any and all professional services other maintenance and ancillary repairs to the Practice Site which Manager, after consultation with Physician, determines to be necessary. iii. Manager shall provide or arrange for all utilities and building services related to medical rendered the utilization by Physician and the Licensed Health Professionals of the Practice Site. iv. Physician acknowledges that Manager is the owner of the name, “Dr. Tattoff,” and any related names or derivations thereof (collectively, the “Name”) and has the right to patients use the Name in connection with Manager’s business. Manager hereby grants to Physician a revocable license to use the Name in connection with the practice conducted by Physician at the Practice Site. Physician acknowledges that this Agreement gives Physician only a conditional right to use the Name, whether such revenues are received in cash from patientswhich right shall automatically expire, private without notice or prepaid insurancefurther action by Manager, other third party payors upon the expiration or early termination of this Agreement for any other source. If Physician or the Licensed Health Professionals directly receive any Gross Revenuesreason, and Physician shall immediately deliver cease using the Name in connection with its practice at the Practice Site. Further, Physician agrees to not use the Name in connection with any other business or professional practice he may conduct without the prior written consent of Manager. Physician shall cooperate fully with Manager in completing, renewing and all such Gross Revenues filing any documents that must be submitted to Manager for deposit into the Operational AccountOsteopathic Medical Board of California, and any fictitious business name statement related to the Name, to evidence Physician’s agreement to the provisions contained in this Section 7.

Appears in 1 contract

Sources: Management Services Agreement (Lifesciences Opportunities Inc)