Does the Healthsource Chiropractic amendment specify the date on which the original Development Agreement was executed?
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 Healthsource Chiropractic's 2025 Franchise Disclosure Document, the Amendment to Development Agreement includes fillable blanks for the dates of both the amendment itself and the original Development Agreement. Specifically, the document states that the amendment is intended to be part of and incorporated into a Development Agreement, with blank spaces provided to insert the dates. This applies to the general amendment form as well as specific versions for New York, California, and Illinois.
This indicates that the exact date of the original Development Agreement is intended to be recorded in the amendment. However, the FDD excerpt itself does not provide a specific date, only the format for including it.
For a prospective Healthsource Chiropractic developer, it's crucial to ensure that the date of the original Development Agreement is accurately filled in when executing the amendment to maintain clarity and legal enforceability of the agreement.