In the event that one party is in breach of contract, liquidated damages define an amount of compensation that will be owed to the opposing party. Physician employers typically define liquidated damages for contract breaches where an exact damage amount could, in theory, be difficult to calculate—for example, if a physician leaves a job without giving the proper notice or violates a non-compete agreement.
Attorneys Kyle Claussen and Brady Glissendorf discuss how liquidated damages could affect physicians and whether such contract terms should be negotiated.
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About The Review Podcast by Resolve
The business of medicine is constantly changing. The Review Podcast by Resolve discusses current contract issues for physicians, compensation trends and tips for a successful career. Every physician's contract and career is different, and nothing in this episode should be considered legal advice. If you have specific questions about your career, please consult with an attorney.
Listen to more episodes at https://podcast.resolve.com/
Learn more about Resolve at https://www.resolve.com/
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