What advance written notice does HealthSource Chiropractic provide to franchisees before reinstating the Ad Fund?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
We will have the right to terminate the Ad Fund by giving you 30 days' advance written notice. All unspent monies on date of termination will be divided between HealthSource Chiropractic and the contributing HealthSource Chiropractic Clinic franchisees in proportion to our and their respective contributions. At any time thereafter, we will have the right to reinstate the Ad Fund under the same terms and conditions as described in this Paragraph (including the
rights to terminate and reinstate the Ad Fund) by giving you thirty (30) days' advance written notice of reinstatement.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 HealthSource Chiropractic Franchise Disclosure Document, HealthSource Chiropractic will provide franchisees with thirty (30) days' advance written notice before reinstating the Ad Fund. The Ad Fund can be reinstated under the same terms and conditions as previously described, including the rights to terminate and reinstate the Ad Fund.
This means that if the Ad Fund is terminated, HealthSource Chiropractic retains the right to bring it back. However, franchisees will receive a 30-day warning before this happens, allowing them time to prepare for the associated contribution of two percent (2%) of gross revenues of the Franchise, as stated in Paragraph 6.3a.
This advance notice is a fairly standard practice in franchising, allowing franchisees to adjust their financial planning accordingly. Franchisees should pay close attention to any communications from HealthSource Chiropractic regarding the Ad Fund to ensure they are aware of its status and any potential changes.