Hearing Asset Advisors LLC Relationship Agreement Form
This Memorandum of Understanding (“MoU”) is entered into by and between
Hearing Asset Advisors, a Washington Limited Liability Company
(“Hearing Asset Advisors”), and __________________________ (“Associate”).
1. Purpose
This MoU outlines the terms of an at-will business relationship between Hearing Asset Advisors and the Associate.
The relationship includes access to business advisory services and participation in group purchasing arrangements,
both of which are intended to provide strategic value to the Associate’s practice while supporting the operational
goals of Hearing Asset Advisors.
2. Background
- Hearing Asset Advisors manages a network of leading hearing care providers.
- The Associate is an independent provider within this industry.
- Both parties intend to collaborate in good faith to pursue business efficiency, patient care improvements, and shared access to resources.
- Hearing Asset Advisors may also negotiate vendor relationships that benefit all participants in the network.
3. Statement of Intent
I, ___________________________, a principal agent of the business listed below,
hereby acknowledge my intent to enter into this professional relationship with Hearing Asset Advisors LLC.
This relationship is at-will and may be terminated at any time by either party with 30 days’ written notice.
I understand that:
- Hearing Asset Advisors facilitates group purchasing relationships that offer discounted pricing and may also help support the advisory services it provides.
- I may opt out of any group purchasing opportunity by giving written notice to Hearing Asset Advisors.
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While most services are funded by group purchasing arrangements, certain services may be offered on a fee basis.
In such cases, a written quote and project scope will be provided and agreed to by both parties prior to the start of any work.
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Unless otherwise agreed in writing, I am responsible for any hard costs related to services that I request and approve.
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All business support services are available at my discretion; I am under no obligation to participate.
However, I understand that if I decline any offered service, I cannot hold Hearing Asset Advisors responsible for any business outcomes that may have been influenced by that decision.
4. Product Access and Use
Associate will have the opportunity to purchase products and equipment from Hearing Asset Advisors’ affiliated
manufacturers at negotiated group pricing. Such access will be enabled upon completion of the required
Manufacturer’s Release Form. The Associate is not obligated to purchase a minimum volume but agrees to work
in good faith with the manufacturers, receive product education, and use those products when, in their sole
clinical judgment, they are in the patient’s best interest. All recommended services and product uses are to be
consistent with medical necessity standards.
5. Consulting and Business Support
Upon request, Hearing Asset Advisors may offer a range of business services, including marketing assistance,
human resources consultation, financial performance review, technology systems guidance, and professional
development opportunities. Participation in any service is entirely optional and based on the Associate’s needs.
Hearing Asset Advisors does not guarantee outcomes and assumes no responsibility for the Associate’s business
performance, even if services are utilized.
6. Termination
This MoU remains in effect until terminated. Either party may withdraw from the relationship at any time,
with or without cause, by providing 30 days' written notice to the other party.
7. Confidentiality
If a Mutual Non-Disclosure Agreement (“NDA”) has been executed, it will remain in effect and is incorporated into
this MoU by reference (Exhibit B). The confidentiality obligations within that NDA will survive the termination
of this agreement. Likewise, if a Business Associate Agreement has been executed, it shall be incorporated
as Exhibit C.