Amends TCA Title 63 and Title 68.
Tennessee HB1206 amends the time frame in non-compete agreements between employing entities and physicians, increasing the period from 10 to 30 business days for determining the fair market value of a practice during repurchase attempts. This change affects physicians who are subject to non-compete clauses in their employment contracts. A key provision allows physicians to remove restrictions on their ability to practice by tendering the amount they received for the sale of the practice if no agreement is reached within the extended time frame.
Tennessee HB1206 amends the time frame in non-compete agreements between employing entities and physicians, increasing the period from 10 to 30 business days for determining the fair market value of a practice during repurchase attempts. This change affects physicians who are subject to non-compete clauses in their employment contracts. A key provision allows physicians to remove restrictions on their ability to practice by tendering the amount they received for the sale of the practice if no agreement is reached within the extended time frame.
Track Tennessee Legislation Like a Pro
Join hundreds of professionals using LegisGo to stay ahead of legislative changes.
Instant Alerts
Get notified when bills you track move through the legislature
AI Summaries
Understand complex legislation in seconds with AI-powered analysis
Full Access
All 132 legislators, committee schedules, and voting records