Does the Healthsource Chiropractic amendment specify any conditions under which the Development Agreement can be amended?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic FDD, any modifications to the Development Agreement must be in writing and signed by both the franchisor and the developer (franchisee). This requirement ensures that all changes are formally documented and agreed upon by both parties, preventing misunderstandings or disputes later on.
This clause is typical in franchise agreements, as it provides a clear and legally sound process for making changes. It protects both Healthsource Chiropractic and the franchisee by ensuring that any modifications are made with mutual consent and properly recorded.
The FDD also states that Healthsource Chiropractic reserves the right to change its policies, procedures, standards, specifications, or manuals at its discretion. However, any changes to the Development Agreement itself require a written agreement signed by both parties. In the event of a conflict between the Development Agreement and any Franchise Agreement, the terms of the Development Agreement will take precedence. This ensures that the initial development rights granted to the developer are protected.