factual

What is an 'Additional Clinic' as defined in the Healthsource Chiropractic development agreement?

Healthsource_Chiropractic Franchise · 2025 FDD

Answer from 2025 FDD Document

Franchisor grants qualified third parties the right to develop a certain number of Clinics within a defined site selection area (the "Site Selection Area") in accordance with the terms of this Agreement to which Developer must be strictly adhere, with each Clinic within the Site Selection Area being opened and operating utilizing the Marks and System pursuant to the terms and conditions set forth in a separate form of Franchisor's then-current form of franchise agreement (each, a "Franchise Agreement").

Source: Item 23 — Receipts (FDD pages 77–282)

What This Means (2025 FDD)

According to the 2025 Healthsource Chiropractic Franchise Agreement, the document does not explicitly define "Additional Clinic". However, it does state that Healthsource Chiropractic grants developers the right to develop a certain number of Clinics within a defined site selection area. Each Clinic within the Site Selection Area must be opened and operated utilizing the Marks and System pursuant to the terms and conditions set forth in a separate form of Healthsource Chiropractic's then-current form of franchise agreement.

Given this information, a prospective franchisee should ask Healthsource Chiropractic for clarification on what constitutes an "Additional Clinic" within the context of a development agreement. Specifically, they should inquire about the criteria and process for establishing and operating multiple Healthsource Chiropractic locations under such an agreement. This will help them understand their rights and obligations regarding expansion and development within their designated area.

Understanding the specifics of developing multiple clinics is crucial for franchisees considering expanding their operations. It is important to clarify any potential restrictions, requirements, or additional fees associated with opening additional locations under a development agreement with Healthsource Chiropractic.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.