The importance of the banner agreement and lease when opening a pharmacy
I am preparing to precept my next fourth-year University of Alberta PharmD student for their non-patient care rotation. I highly recommend becoming a preceptor for students. I learn from each of them and I get energized by their enthusiasm for the profession. My rotation is an elective with a leadership/management focus, and I often match with students who express an interest in becoming a pharmacy owner down the line.
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More Blog Posts In This Series
7/14/2025
What would Shakespeare think of PPNs?
A patient is told by their insurer that they ca no longer have their medications covered unless they transfer their medications from their longtime diabetes educator/prescribing pharmacist to an out-of-province mail order pharmacy. What could possibly go wrong?
10/28/2024
Let's talk PPNs!
Normally, I go out of my way to point out my blog comments are my own and not necessarily shared by any organization with which I am professionally affiliated. However, while the views below are certainly my own, I find it difficult, in today’s blog, to distance myself from my employer, Neighbourly Pharmacy.
7/16/2024
Smartening your lease logic, Part 2
Here I will cover the Notices section, the Option to Renew, and the Relocation clause. Generally, once both parties have entered into a Banner Agreement and Lease, the next time those documents ever get pulled out of the filing cabinet are at term renewal, at time of sale, or when something has broken down in the relationship between the parties.
