Physician Contract Glossary · Contract Structure
Employment Contract
An employment contract is the agreement that makes you a W-2 employee of a practice or hospital, with the employer controlling how you work.
An employment contract makes you a W-2 employee. The employer withholds taxes, usually provides benefits, often covers malpractice, and in return controls your schedule, your duties, and the terms of your work. It is the most common structure for a first attending job. Everything else in this glossary, compensation, termination, restrictive covenants, lives inside this document, which is why reading the whole thing matters more than reading the salary line.
This is the document the senior people in your program signed without reading. Read every clause, because the employer drafted it to protect the employer, and the terms are negotiable until you sign.
Related terms
The PGY-Final-Year Path
One term is one piece. Here is the whole map.
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STEP 02Read what you are signing
The Real Contract walks you through the clauses on this page, line by line.
STEP 03Sign with a guide
Find a physician contract attorney in your state before you sign anything.
Stop being recruited. Start choosing.
You are about to sign something the senior people in your program signed without reading.
They had no guide either. You do. Start with the option that costs you nothing: see every practice that is actually out there before anyone hands you a contract.
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