When does the Healthsource Chiropractic Development Agreement term end?
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 Development Agreement term concludes on the earlier of two dates. The first is the date when the franchisee opens the last clinic required under their Development Schedule. The second is the expiration date of the Development Schedule itself.
This means that a Healthsource Chiropractic development franchisee's term is directly tied to their performance in meeting the agreed-upon development milestones. If they successfully open all required clinics before the Development Schedule expires, the agreement ends at that point. However, if they fail to meet the development obligations within the specified timeframe, the agreement ends when the Development Schedule expires, regardless of whether all clinics have been opened.
Prospective Healthsource Chiropractic franchisees should carefully review the Development Schedule and understand the implications of failing to meet the required milestones. They should also consider the potential consequences of early termination, as outlined elsewhere in the Franchise Disclosure Document. Understanding these terms is crucial for making an informed decision about entering into a Development Agreement with Healthsource Chiropractic.