What is the deadline for a Healthsource Chiropractic franchisee to lease the premises for the Clinic after signing the Franchise Agreement?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
If we require, approve the terms of the lease for the premises of your Clinic (Franchise Agreement – Section 3.1). You must lease the premises for the Clinic within 180 days after signing the Franchise Agreement. We may terminate your Franchise Agreement if you do not sign your lease by this deadline. Generally, we do not own premises that are leased to
HealthSource Chiropractic Clinics. Your lease must include the provisions required by the Franchise Agreement, or you must obtain our express written approval as to any variations or exclusions of such provisions in your lease.
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 34–44)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, a franchisee must lease the premises for their clinic within 180 days of signing the Franchise Agreement. Failure to secure a lease within this timeframe may result in the termination of the Franchise Agreement by Healthsource Chiropractic.
Healthsource Chiropractic must approve the lease terms, ensuring they align with the requirements outlined in the Franchise Agreement. Any variations or exclusions to these provisions require express written approval from Healthsource Chiropractic. This stipulation ensures that the lease terms support the operational standards and brand consistency of Healthsource Chiropractic.
Securing suitable premises and finalizing the lease agreement within the stipulated 180-day period is a critical step for new Healthsource Chiropractic franchisees. Franchisees should proactively engage with commercial real estate professionals and legal counsel to navigate the leasing process efficiently and ensure compliance with Healthsource Chiropractic's requirements.