What does Healthsource Chiropractic agree to do upon receiving the signed Acknowledgement and 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 |
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| C |
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, upon receiving the signed Franchise Deposit Acknowledgement and the deposit, Healthsource Chiropractic agrees to two things. First, Healthsource Chiropractic will not grant the protected territory to any third party until after a specified deadline date. Second, Healthsource Chiropractic will provide the prospective franchisee with access to certain training, information, and materials related to operating a Healthsource Chiropractic franchise. The specific deadline date is not provided in this excerpt.
This agreement is contingent on the franchisee submitting the Franchise Deposit Acknowledgement and the deposit amount. The deposit shows the franchisee's intent to move forward with the franchise. By agreeing not to grant the protected territory to a third party, Healthsource Chiropractic provides the potential franchisee time to finalize the franchise agreement and secure financing.
Providing access to training, information, and materials allows the potential franchisee to learn more about the Healthsource Chiropractic system. This helps the franchisee make an informed decision before fully committing to the franchise. It is important for the franchisee to understand the deadline date, as failure to finalize the agreement by that date could result in the loss of the protected territory.
Prospective franchisees should confirm the exact deadline date with Healthsource Chiropractic and understand all the terms and conditions associated with the deposit and acknowledgement. They should also inquire about the specific training, information, and materials they will receive access to, to fully evaluate the opportunity.