Specialist Veterinary Practice Solicitors

Here at Scott Bailey, our veterinary practice solicitors can advise on the kind of business issues that you face every day.

With our breadth of experience and range of expertise, we offer the veterinary sector a multi-disciplinary approach, covering everything from sales, mergers, acquisitions and property buying to partner accession and succession, start-ups and employment advice. So, whether you operate as a sole trader, a partnership or a through a limited company, we’re here to deliver the best commercial advice available. You can expect our customary attention to detail and hands-on approach, and we can prepare all the documentation to meet your business requirements.

If you are thinking about setting up a veterinary practice with a business partner or within a limited company structure, we are here to guide you legally. We can draft agreements that give every partner a transparent understanding of their role, the level of investment required, and the distribution of profits, all tailored to your specific business conditions. To prevent any future conflict among shareholders, we also create shareholder agreements that are both comprehensive and compliant with company law.

If you’re contemplating outsourcing portions of your veterinary practice, you’ll want an agreement that captures your immediate and long-term visions. An essential contract like this can greatly influence your practice’s future, and Scott Bailey has the expertise to guide you comprehensively, advising on a range of points.

It’s vital to accurately define the services to be outsourced, and to establish and maintain benchmarks and schedules, with penalties attached for any lapses. Responsibilities for both parties should be very clearly outlined to enable effective service delivery. Settling on a cost-efficient pricing arrangement is key, and we’ll be able to advise if things like cost review clauses would be beneficial.

Further outsourcing concerns involve the transfer of assets if your facilities or equipment are used, GDPR compliance if data is processed, and ensuring the third-party holds appropriate industry warranties and liability coverage. An auditing and monitoring clause might also be prudent.

Should you decide to revert to in-house service provision, a termination clause is a must. Scott Bailey’s veterinary practice solicitors can customise this and other elements to better fit the requirements of your evolving veterinary practice.

If you deem it necessary to seek Independent Legal Advice regarding any of your veterinary practice documentation, we are very happy to assist. We will rigorously evaluate your documents to make certain you are aware of any lurking risks and to give you a thorough insight into your contractual responsibilities.

A Share Incentive Plan (SIP) is a tax-efficient employee plan that offers companies the ability to award equity to employees flexibly.

Our corporate lawyers, who are Lexcel-accredited (you can check Scott Bailey’s status on the Law Society website), can help you with advice, answer any questions, and ensure all the relevant legal paperwork is in order.

If you’ve built a successful veterinary practice, you’ll want to ensure that your hard work and wealth are passed on as you see fit. Scott Bailey’s veterinary solicitors can guide you through this, helping you understand the value of your business and the tax implications of passing it on.

Get in touch with us today – we’re here to help.