Common use of Consideration of University Clause in Contracts

Consideration of University. Physician hereby acknowledges and agrees that as an institution of higher education of the state of Texas, University is engaged in educating and training medical students and residents and in providing health care in University’s geographic location. In this endeavor, University provides benefits to the citizens of its geographic area by making available to them health care services in addition to those provided by other professionals in private practice, which services are provided by professionals possessing the skill and knowledge requisite to be admitted to the faculty of University, and therefore allowing the faculty to maintain and improve its collective skills and knowledge in the diagnosis, treatment and care of patients and in the practice of medical arts generally and by providing an opportunity for residents and medical students to observe and participate in quality medical care as an essential part of their training and education. Having acknowledged these benefits accruing from University’s ongoing activities, and for and in consideration of the mutual covenants and conditions set forth below, Physician and University covenant and agree as follows:

Consideration of University. Physician hereby acknowledges and agrees that as an institution of higher education of the state of Texas, University is engaged in educating and training medical students and residents and in providing health care in University’s geographic location. In this endeavor, University provides benefits to the citizens of its geographic area by making available to them health care services in addition to those provided by other professionals in private practice, which services are provided by professionals possessing the skill and knowledge requisite to be admitted to the faculty of University, and therefore allowing the faculty to maintain and improve its collective skills and knowledge in the diagnosis, treatment and care of patients and in the practice of medical arts generally and by providing an opportunity for residents and medical students to observe and participate in quality medical care as an essential part of their training and education. Having acknowledged these benefits accruing from University’s ongoing activities, and for and in consideration of the mutual covenants and conditions set forth below, Physician and University covenant and agree to enter into the Covenant, as follows:set forth in this Article VIII.