Template of Temporary Administrative Interim Services Agreement
It is not uncommon for insurance contracts to take time to be transferred from a buyer to a seller in a practice sale. Additionally, not all contracts can be transferred, and a buyer may need to apply for a contract from scratch. This can delay a deal from closing. Many times, instead of waiting for contracts to be issued/transferred, an interim services agreement is executed so that the deal can move forward, and therapy services can remain uninterrupted.
Here is an attorney reviewed 6-page template of a typical Temporary Interim Administrative Services Agreement that spell out how they are typically structured for everyone’s mutual benefit.
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