What does the Healthsource Chiropractic agreement contain regarding the developer's rights?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
This Agreement contains the entire agreement between the parties concerning Developer's development rights within the Site Selection Area; no promises, inducements or representations (other than those in the Franchise Disclosure Document) not contained in this Agreement have been made, nor will any be of any force or effect, or binding on the parties.
Modifications of this Agreement must be in writing and signed by both parties.
Franchisor reserves the right to change Franchisor's policies, procedures, standards, specifications or manuals at Franchisor's discretion.
In the event of a conflict between this Agreement and any Franchise Agreement(s), the terms, conditions and intent of this Agreement will control.
Nothing in this Agreement, or any related agreement, is intended to disclaim any of the representations Franchisor made to Developer in the Franchise Disclosure Document that Franchisor provided to Developer.
IN WITNESS WHEREOF, AND INTENDING TO BE LEGALLY BOUND HEREBY, THE PARTIES HERETO HAVE CAUSED THIS AGREEMENT TO BE EXECUTED EFFECTIVE
FRANCHISOR DEVELOPER HEALTHSOURCE CHIROPRACTIC, LLC ENTITY By: By: Date: Date:
THE DATE FIRST SET FORTH ABOVE.
ATTACHMENT A TO DEVELOPMENT AGREEMENT
DATA SHEET
- Development Agreement, is described below (or an attached map) by geographic boundaries and will consist of the following area or areas: Site Selection Area. The Site Selection Area, as referred to in Section 1 of the 2. Development Schedule. The Development Schedule referred to in Section 5 of the Development Agreement is as follows: Expiration of Development Period (each, a "Development Period") No. of New Clinics Opened Within Development Period Cumulative No. of Clinics that Must Be Open and Operating 12 Months from Effective Date 1 1 Months 13 through 36 of the 1 2 Development Agreement Months 37 through 48 of the 1 3 Development Agreement DEVELOPER HEALTHSOURCE CHIROPRACTIC, LLC NAME, TITLE
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the agreement outlines the developer's rights within a specific Site Selection Area. The agreement specifies that it constitutes the entire understanding between the parties regarding these development rights, superseding any prior promises, inducements, or representations not explicitly included in the agreement itself or the Franchise Disclosure Document. This means that any verbal agreements or understandings outside of these documents are not binding.
Any modifications to the agreement must be made in writing and signed by both Healthsource Chiropractic and the developer to be valid. However, Healthsource Chiropractic retains the right to change its policies, procedures, standards, specifications, or manuals at its discretion. In the event of any conflict between the Development Agreement and any individual Franchise Agreements, the terms of the Development Agreement will take precedence.
Furthermore, the agreement does not disclaim any representations made by Healthsource Chiropractic to the developer within the Franchise Disclosure Document. The Site Selection Area, which defines the geographic boundaries for development, and the Development Schedule, outlining the number of new clinics to be opened within specific timeframes, are detailed in attachments to the Development Agreement. These attachments specify the number of clinics that must be opened and operating within certain periods, such as one clinic within 12 months from the effective date, two clinics within months 13 through 36, and three clinics within months 37 through 48.