By: Thomas Law Group On: June 19, 2023 In: Business/Employment Comments: 0

Historically the matter of restrictive covenants (aka “covenants not to compete” or “non-competes”) and their enforceability has been delegated to the states in the U.S. Employers in Ohio have for many years had the opportunity to include reasonable non-competes in their employee agreements with general confidence that if the...

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By: Thomas Law Group On: April 24, 2023 In: Estate Planning Comments: 0

Do you or someone you know have a custodial account, such as a 529 (Blackrock, College Advantage, etc.), custodial bank account (checking or savings), a Uniform Transfer to Minors Act account, or other account, set up for the benefit of minor children or grandchildren? These accounts may be subject...

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By: Thomas Law Group On: March 31, 2023 In: Contracts & Leases Comments: 0

Under Ohio law all leases that have a term of three (3) years or longer must be signed and notarized to be considered valid and in effect.  Failure to have a lease with a term of three (3) or more years notarized can potentially invalidate that lease.  In contrast,...

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By: Thomas Law Group On: February 24, 2023 In: Health Care Professionals Comments: 0

The sale of a professional practice has many considerations for both the selling and purchasing parties.  From the seller’s perspective, the payment of a purchase price that is in line with the seller’s expectations and that the seller believes reflects the fair value of the practice is of paramount...

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By: Thomas Law Group On: January 25, 2023 In: Business/Employment Comments: 0

It is common practice for physicians to enter into a “Physician Recruitment Agreement” or “Physician Recruitment Arrangement” (“PRA”) with a hospital or other medical facility, and such agreements are intended to offer certain incentives to the physician in exchange for relocation of the physicians or the physician’s existing practice...

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