Practice Purchase Terms

3 min. read

Here are some terms you may encounter when purchasing a practice.

Letter of Intent

A letter of intent is a non-binding offer letter. Its purpose is to give the seller assurances of your sincerity and allow you to investigate the practice more thoroughly. You want to be sure to leave yourself a legal opening so if you decide to back out, you can do it without penalty. The intent letter provides you with access to the records and should include a confidentiality clause.

?The letter of intent will probably include:

Join for FREE and keep reading...

To keep reading, join our free Starting with Success program now! As a new ND, we know you need resources to help you succeed as you launch your career. Starting with Success is your free one-stop shop, whether you’re looking for resources related to job-hunting, joining an existing traditional or integrated practice, or starting your own. A few of our helpful resources include:

Articles on everything from contract negotiation to marketing plans
Practice Checklists
Free webinars

It’s important to us that the naturopath profession grows and thrives, regardless of your insurance provider — but we’re always here when you need us, whether it’s insurance or financial solutions.

Explore more resources

Resource Hub