Does the Healthsource Chiropractic amendment define the term 'Developer'?
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 "Developer"). | 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 the 2025 Healthsource Chiropractic Franchise Disclosure Document, the term 'Developer' is defined within the context of the Amendment to Development Agreement. Specifically, the amendment states that Healthsource Chiropractic, LLC is the 'Franchisor' and the franchisee is referred to as 'you' or 'Developer'. This definition appears in multiple state-specific amendments, including those for California, Illinois, and New York, indicating a consistent use of the term across different jurisdictions.
This definition is important for prospective franchisees as it clarifies the legal standing and responsibilities of both parties within the development agreement. By explicitly stating that 'you' or 'Developer' refers to the franchisee, Healthsource Chiropractic ensures that the agreement is clear about who is undertaking the development obligations outlined in the document. This is a standard practice in franchising to avoid ambiguity and ensure that all parties understand their roles and responsibilities.
Furthermore, the amendment notes that defined terms in the original Development Agreement carry the same meanings in the Amendment. This implies that the term 'Developer' might have a more detailed definition or context within the original agreement, which the amendment incorporates by reference. A potential Healthsource Chiropractic franchisee should therefore review the original Development Agreement carefully to fully understand the scope and implications of being designated as a 'Developer'.