As a physician in California, one of the most important documents you can have in your arsenal is a physician-patient arbitration agreement. This agreement outlines the terms of how disputes between you and your patient will be handled in the event that they arise. This can be incredibly important in avoiding costly and time-consuming litigation.
Arbitration Agreements: What Are They?
Arbitration agreements are voluntary agreements entered into by two parties to resolve a dispute. These agreements are binding and enforceable in court. Instead of going to court, both parties agree to have a neutral third party (an arbitrator) hear their case. This process can be much faster and less expensive than going to court.
Why Have an Arbitration Agreement?
There are a few reasons why having an arbitration agreement is particularly important for physicians in California. For one, medical malpractice claims can be incredibly expensive and time-consuming. By using arbitration, you can save time and money in the event of a dispute.
Additionally, California is known for having particularly complex medical laws. By having an arbitration agreement, you can ensure that any disputes are handled by an arbitrator familiar with the nuances of California`s medical laws.
What Should Your Agreement Cover?
Your arbitration agreement should cover a number of key points, including:
– How the arbitration process will work
– What types of disputes are covered by the agreement
– How the arbitrator will be selected
– What types of damages can be awarded
It is also important to have your attorney review the agreement to ensure that it is legally sound.
Protect Yourself and Your Patients
By having a physician-patient arbitration agreement in place, you can protect yourself and your patients from costly and time-consuming litigation. If you`re a physician in California, contact your attorney to discuss the benefits of having an arbitration agreement in place.