Rather, a desire to minimize and manage risk by both parties and to avoid a bitter and costly end, makes having an employment contract a smart idea.

FORBES: 5 Must-Haves in an Executive Director's Employment Agreement

The decision was made to put a restriction on the practice: A doctor who agreed to privately contract with a senior had to avoid filing any Medicare claims for two years.

FORBES: An Important Step Toward Medicare Reform

Draft a clear and thorough contract to help avoid assumptions.

FORBES: Are You a Good Business Date? 4 Ways to Manage Expectations