Does the Healthsource Chiropractic amendment modify any obligations outlined in the original Development Agreement?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- c.
If a state regulator requires an amendment to this Agreement, the amendment is attached to this Agreement.
We will not, however, be precluded from contesting the validity, enforceability, or applicability of such regulator's required amendment in any action relating to this Agreement or to its rescission or termination.
- 17.2 Unilateral Waiver of Obligations.
Either you or we may, by written notice, unilaterally waive or reduce any obligation or restriction of the other under this Agreement.
The waiver or reduction may be revoked at any time for any reason on 10 days' written notice.
- 17.3 Written Consents from HealthSource Chiropractic.
Whenever this Agreement requires our advance approval or consent, you agree to make a timely written request for it.
Our approval or consent will not be valid unless it is in writing.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, a state regulator can require an amendment to the agreement, and that amendment would then be attached to the agreement. However, Healthsource Chiropractic retains the right to contest the validity, enforceability, or applicability of the regulator's required amendment in any action relating to the agreement, its rescission, or termination.
Healthsource Chiropractic or the franchisee can also unilaterally waive or reduce any obligation or restriction of the other party under the agreement by providing written notice. This waiver or reduction can be revoked at any time, for any reason, with 10 days' written notice.
Any required approvals or consents from Healthsource Chiropractic must be requested in writing in a timely manner, and such approval or consent is only valid if it is provided in writing. This ensures that all modifications or waivers are properly documented and agreed upon by both parties, reducing the risk of misunderstandings or disputes.
These provisions allow for flexibility and adaptation to changing circumstances, such as regulatory requirements or unforeseen business needs. However, franchisees should be aware that Healthsource Chiropractic retains the right to challenge regulator-required amendments and can revoke waivers with relatively short notice, which could impact the franchisee's operations and financial obligations.