Does the Healthsource Chiropractic amendment define the term 'you'?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AMENDMENT TO DEVELOPMENT AGREEMENT ("Amendment") dated , is intended to be a part of, and by this reference is incorporated into that certain Development Agreement (the "Development Agreement") dated, by and between HealthSource Chriopractic, LLC("Franchisor"), a Delaware limited liability company, with its principal office in Avon, Ohio, and ("you" or "Franchisee"). Defined terms contained in the Development Agreement shall have the identical meanings in this Amendment.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the Amendment to Development Agreement defines "you" or "Franchisee" as the developer in the agreement between Healthsource Chiropractic, LLC and the franchisee. This definition applies specifically within the context of the Development Agreement and the corresponding Amendment.
This means that when reading the Amendment, any reference to "you" pertains directly to the franchisee who is entering into the Development Agreement with Healthsource Chiropractic. It clarifies who the obligations and rights outlined in the Amendment apply to, ensuring there is no ambiguity about the parties involved.
Prospective Healthsource Chiropractic franchisees should pay close attention to defined terms like these, as they establish the precise legal meaning of key words and phrases used throughout the franchise agreement and its amendments. Understanding these definitions is crucial for comprehending the franchisee's rights, responsibilities, and relationship with Healthsource Chiropractic.