Backing out of a contract

[gassedout2015]

Signed a contract thinking that it was the best available deal at the time. Now there is a potentially better job and closer to home....can I back out of the contract that I signed?

Potential new job is well outside of non compete.

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[cowboydoc]

Have a kind conversation with someone from the other side if there is a high level of trust. Otherwise have a contract atty. look at your contact for outs.

What (if anything) you were paid on the front end and time before your anticipated start will be key factors in how this may go.

 

[gassedout2015]

No sign on bonus, anticipate start in 9 months.

 

[cowboydoc]

No sign on bonus, anticipate start in 9 months.

I’d try talking your way out before paying an atty. $1-2k

 

[cowboydoc]

I’d try talking your way out before paying an atty. $1-2k

That is if they didn’t already pay a recruiter to find you!

 

[Agast]

Potentially a better job? How sure are you that you’re getting this job before you leave your sure thing? It’s a smaller community than you realize, I’ve heard of two people losing out because their offers were rescinded when collegial pain groups found out they were courting the same applicant and promises were already made.

 

[deleted472101]

Sign new contract and then find out when you can start.


Place appropriate notice in for resignation.

you may have to pay tail and whatever they gave you in terms of sign on bonus if given one

 

[SSdoc33]

That is if they didn’t already pay a recruiter to find you!

Recruiter can be 25-30k

 

[cowboydoc]

Recruiter can be 25-30k

My point exactly. They will want you to pay that fee if you back out and they have already paid the recruiter fee.

 

[SSdoc33]

My point exactly. They will want you to pay that fee if you back out and they have already paid the recruiter fee.

They arent cheap. Or particularly good at what they do. But i digress.

Lots of it depends on the language and circumstance.... but i would not lose a minute of sleep if you screw over an employer because you have a better job waiting. They would do it to you in a heartbeat

 

[chudat]

well if it's a hospital employee position with its internal hospital based recruiter, you may not have to pay the recruiter fee

edit: this is based on my own assumption; I actually have no idea if this this true

 

[SSdoc33]

well if it's a hospital employee position with its internal hospital based recruiter, you may not have to pay the recruiter fee

edit: this is based on my own assumption; I actually have no idea if this this true

They usually farm it out for subspecialists.

 

[DOctorJay]

well if it's a hospital employee position with its internal hospital based recruiter, you may not have to pay the recruiter fee

edit: this is based on my own assumption; I actually have no idea if this this true

We’ve had 2 docs sign and then not follow through. To my knowledge no repercussions for them. One signed on with our competing health network.

 

[deleted875186]

Sign new contract and then find out when you can start.


Place appropriate notice in for resignation.

you may have to pay tail and whatever they gave you in terms of sign on bonus if given one

I don’t understand, pay tail for what? He has yet to start at the new job.

short of having to pay back any bonus, I don’t understand how there would be any financial penalties.

 

[deleted875186]

As a fellow about to sign a contract for next July 2021 start, I would be interested to know if people have specifics about breaking a contract. I’ve read a few contracts and there doesn’t seem to be any language to suggest there would be a financial penalty, and short of a non compete, not sure how they could have you pay a recruiters fee unless there was specific language in the contract.