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I’m just trying to decide if claims based coverage in a contract is a red flag or just something you’ll commonly see in the private practice marketplace. I don’t want to aggressively attempt negotiating this if its pretty typical outside of hospital employment.
Just for clarification. I know I said “in the setting of claims based insurance” but what about in general? Is it more typical for a private radiology group to offer claims or occurrence coverage in your experience?
yea, i understand those metrics. I’m just wondering that if those metrics look good (which is a relative term) than does it matter if the overall market is over valued? Does finding a good rental with a solid cap rate matter if everything is pricey? Is overall cash flow the the most important factor if you plan on keeping the place for the long run?
So they accommodated 50:50 distribution. Half 30 days before and half at start. I need the cash so this was very helpful.
Decided to negotiate the pre-term sheet on my own and just have the contract reviewed only by an attorney. Thank you all.
Right now I just have a pre-offer term sheet. No red flags but there were some things I didn’t fully understand that applied to benefits and growth. It’s not a binding contract so is it OK to just sign and go forward with the contract creation. I’m just wondering about signing off on something I don’t fully understand and it ends up being something that needs to be changed during contract analysis/negotiation and this causing animosity when they say “your client signed off on it in the pre-offer”. Should I involve the attorney in the pre-offer term sheet? I would prefer to wait so I can get the actual contract and attempt evaluating its complexity before I decide on $650 or $2700 in fee. Thoughts?
That’s silly! A big point of the third party is to absorb all the potential animosity that might arise out of the negotiation process.
I guess I could have worded that better but I believe the benefit to the borrower is that instead of having a set min loan repayment its a dividend tied to revenue streams of the company. But I was hoping someone with a little more insight on the forum could explain this better.
By the way. Big fan. Pretty cool to have you personally respond to my post. Thanks for all your help Dr. Dahle.