What Is Buppert's Major Contract Restrictions?
Describe the major contract restrictions that can be included in a business contract. How do they potentially affect what you do as a NP on a daily basis?
Buppert (2015), outlines three major contract restriction which are: restrictive covenants, bonus formulas, and termination clauses. Each of these restrictions can effect a nurse practitioner’s (NPs) career and job satisfaction and are important to consider when negotiating a contract with a possible employer. Restrictive covenants keeps a nurse practitioner from becoming competition after leaving a business. The employer may require that you cannot work within a specific number of miles for a specific amount of time after leaving their company. From an employer perspective this keeps a past employer from leaving the company and taking their clients with them. It is …show more content…
This gives NPs an opportunity to financially benefit some of the profits received by company. As a medical professional contributing the company’s success, it is only fair that one should also benefit from a company’s success. As stated by Buppert (2015), vague language and misinterpretations are the most common problems with bonus formulas. If the NP interprets the contract differently from the employer job satisfaction can occur due to unmet expectations.
The termination clause list reasons for which the employer can terminate the employee. An example of an unreasonable termination clause is one that states that an NP can be terminated without cause. This is not recommended for a NP as it leaves the reason for termination completely up to the employer’s discretion. To protect one’s career, the NP should make sure tht reasons for terminations listed in the termination clause are reasonable.
What are the important categories to consider when designing a contract as a NP employee of a private
Buppert (2015), outlines three major contract restriction which are: restrictive covenants, bonus formulas, and termination clauses. Each of these restrictions can effect a nurse practitioner’s (NPs) career and job satisfaction and are important to consider when negotiating a contract with a possible employer. Restrictive covenants keeps a nurse practitioner from becoming competition after leaving a business. The employer may require that you cannot work within a specific number of miles for a specific amount of time after leaving their company. From an employer perspective this keeps a past employer from leaving the company and taking their clients with them. It is …show more content…
This gives NPs an opportunity to financially benefit some of the profits received by company. As a medical professional contributing the company’s success, it is only fair that one should also benefit from a company’s success. As stated by Buppert (2015), vague language and misinterpretations are the most common problems with bonus formulas. If the NP interprets the contract differently from the employer job satisfaction can occur due to unmet expectations.
The termination clause list reasons for which the employer can terminate the employee. An example of an unreasonable termination clause is one that states that an NP can be terminated without cause. This is not recommended for a NP as it leaves the reason for termination completely up to the employer’s discretion. To protect one’s career, the NP should make sure tht reasons for terminations listed in the termination clause are reasonable.
What are the important categories to consider when designing a contract as a NP employee of a private