What determines the length of the Healthsource Chiropractic Development Agreement term?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Development Agreement | Summary | |
|---|---|---|---|
| a. | Length of the franchise term | Section 6.1 | The term begins on the effective date and ends on the earlier of the date you open the last Clinic you are required to open under your Development Schedule or the expiration of your Development Schedule. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 53–64)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the length of the Development Agreement term is determined by two factors. The term begins on the effective date and concludes on the earlier of two dates: either when the franchisee opens the last clinic required under their Development Schedule, or when the Development Schedule expires.
This means that a Healthsource Chiropractic franchisee's Development Agreement could end sooner than expected if they fulfill their development obligations ahead of schedule by opening all required clinics. Conversely, if a franchisee fails to meet the milestones outlined in the Development Schedule, the agreement will expire on the date specified in the schedule, regardless of whether all clinics have been opened.
Prospective Healthsource Chiropractic franchisees should carefully review the Development Schedule and understand the implications of both opening clinics early and potentially failing to meet the required development milestones. Understanding these terms is crucial for planning and managing their investment and business growth within the Healthsource Chiropractic system.