What does Healthsource Chiropractic agree to do upon receipt of the signed Acknowledgement and the Deposit?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
lletin: Practices of Business Consultants. We | | HSC is not engaged in rendering legal, accounting, | or other professional services or advice. | | your patients, taxes, employees, | If you require legal advice or other expert assistance, the services of a competent professional person should | | or disputes. | be sought. HSC is not a law firm. We do not practice law and cannot provide you with legal advice about | | Agreed and accepted by: | | | | | | Signature of Franchisee | Date | | | | | Printed Name | | | Acknowledged and agreed by: | |--------------------------------| | HealthSource Chiropractic, LLC | | | | By: | | Its: |
EXHIBIT K
Franchise Deposit Acknowledgment and Amendment
HEALTHSOURCE CHIROPRACTIC, LLC FRANCHISE DEPOSIT ACKNOWLEDGEMENT
TO HEALTHSOURCE CHIROPRACTIC, LLC:
| 1. Introduction. I understand that my application for the grant of a franchise to operate a HealthSource |
|---|
| C |
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, upon receiving the signed Franchise Deposit Acknowledgement and the deposit, Healthsource Chiropractic agrees not to grant the protected territory to any third party until after a specified deadline date. Additionally, Healthsource Chiropractic will provide the prospective franchisee with access to certain training, information, and materials related to operating a Healthsource Chiropractic franchise.
This agreement ensures that the potential franchisee has a period of exclusivity in the designated territory while they continue the process of securing the franchise. It also allows the franchisee to begin learning about the Healthsource Chiropractic system through the provided training and materials. The 'Deadline Date' is not specified in the excerpt, so a prospective franchisee should confirm this date with Healthsource Chiropractic.
It is important to note that this agreement does not guarantee the grant of a franchise. The prospective franchisee must still enter into a Franchise Agreement and pay the Initial Franchise Fee to fully secure their rights to operate a Healthsource Chiropractic clinic. The acknowledgement also states that Healthsource Chiropractic's acceptance of the deposit does not grant any rights to operate a Healthsource Chiropractic clinic or use Healthsource Chiropractic's marks, logos, information, or materials in practice or otherwise, and that such rights may only be granted through a Franchise Agreement that has been duly executed by both parties.