Are the arbitrator's decisions binding on all parties in a Healthsource Chiropractic agreement?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTICE: This Agreement is subject to binding arbitration – see Section 17.9.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Agreement, the agreement is subject to binding arbitration as stated in Section 17.9.
Binding arbitration means that any disputes arising between Healthsource Chiropractic and the franchisee will be resolved through an arbitration process, and the arbitrator's decision will be final and legally enforceable on both parties. This eliminates the option of pursuing a lawsuit in court.
Prospective franchisees should carefully review Section 17.9 of the Healthsource Chiropractic franchise agreement to fully understand the scope and implications of the binding arbitration clause, including the procedures for initiating arbitration, the selection of arbitrators, and the allocation of costs. It is advisable to seek legal counsel to assess the potential impact of this clause on their rights and obligations as a franchisee.