Does the Healthsource Chiropractic amendment define the term 'Franchisee'?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS | AMENDMENT | TO | FRANCHISE | AGREEMENT | ("Amendment") | dated |
|---|---|---|---|---|---|---|
| , | is intended to be a part of, and by this reference is incorporated into that | |||||
| certain Franchise Agreement (the | "Franchise Agreement") dated, by and | |||||
| between HealthSource Chiropractic, LLC ("Franchisor"), an Ohio limited liability company, | ||||||
| with its principal office in | Avon, Ohio 44011 and ("you" or | |||||
| "Franchisee"). Defined terms contained in the | Franchise Agreement shall have the identical | |||||
| meanings in this Amendment. |
1.1 Style of Agreement; Common Terms. This Agreement has been written in an informal style in order to make it more easily readable and to be sure that you become thoroughly familiar with all of the important rights and obligations the Agreement covers before you sign it. This Agreement includes several exhibits, all of which are legally binding and are an integral part of the complete Franchise Agreement. In this Agreement, we refer to as "we," "us," or the "HealthSource Chiropractic." We refer to you as "you," "Franchise Owner" or "Franchisee" and such terms include any person or entity that operates or has an interest in the Franchised Business (defined below). If you are a corporation, partnership or limited liability company, you will notice certain provisions that are applicable to those principal shareholders, partners or members on whose business skill, financial capability and personal character we are relying in entering into this Agreement. Those individuals will be referred to in this Agreement as "Principal Owners".
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the term 'Franchisee' is defined within the context of an amendment to the franchise agreement. The amendment explicitly states that it is intended to be part of and incorporated into the existing Franchise Agreement. In this amendment, the term 'Franchisee' is used to refer to the party entering into the agreement with HealthSource Chiropractic, LLC, the Franchisor. The document clarifies that defined terms within the original Franchise Agreement will maintain the same meanings in the amendment. Therefore, while the amendment itself uses and acknowledges the term 'Franchisee,' it relies on the original agreement for a comprehensive definition.
In the main body of the franchise agreement, Healthsource Chiropractic refers to the franchisee as "you," "Franchise Owner" or "Franchisee," clarifying that these terms encompass any individual or entity that operates or holds an interest in the franchised business. For franchisees that are corporations, partnerships, or limited liability companies, the agreement identifies "Principal Owners" as those shareholders, partners, or members whose business skill, financial capability, and personal character are critical to Healthsource Chiropractic's decision to enter into the agreement.
This definition is important for prospective franchisees as it clarifies who is bound by the terms of the agreement. It extends beyond just the individual signing the agreement to include any entity or person with an interest in the franchise. This ensures that all parties involved in the operation of the Healthsource Chiropractic franchise are aware of their rights and obligations.
Prospective franchisees should carefully review the original Franchise Agreement to fully understand the defined terms and their implications, as the amendment incorporates these definitions by reference. Understanding these definitions is crucial for comprehending the full scope of the franchisee's responsibilities and rights under both the original agreement and any subsequent amendments.