Does the Healthsource Chiropractic amendment specify any conditions under which the Development Agreement can be waived?

According to the 2025 Healthsource Chiropractic FDD, either the franchisee or Healthsource Chiropractic can unilaterally waive or reduce any obligation or restriction of the other under the Development Agreement by providing written notice. This waiver or reduction can be revoked at any time, for any reason, by providing 10 days' written notice.

This means that Healthsource Chiropractic has the option to modify or reduce a franchisee's obligations under the Development Agreement. However, Healthsource Chiropractic also retains the right to reinstate these obligations with just 10 days' notice. This clause provides flexibility but also introduces uncertainty, as the terms of the agreement can change.

In the franchise industry, it is not uncommon for franchisors to retain some flexibility to modify agreements or waive certain requirements. However, the ability to revoke such waivers with relatively short notice is something a prospective Healthsource Chiropractic franchisee should carefully consider, as it could impact their business operations and financial planning.