Young physicians coming out of training will confront a range of challenges for which most are unprepared. One of the first real challenges young physicians confront is their first employment agreement. From compensation, to term and termination, restrictive covenants and “tail insurance,” many issues are unfamiliar to them. Then there is the matter of how to approach negotiation of any of the provisions. Dan brings his special interest in working with young physicians to bear in “The First Employment Agreement: Common Clauses and Practical Tips for Residents.” The article is oriented towards physicians just leaving training, but it includes advice that even veteran physicians may find helpful.