What document must each Principal Owner of a Healthsource Chiropractic franchise sign, as per the franchise agreement?

According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, if the Franchise Owner is a corporation, partnership, LLC, or other entity, each Principal Owner must sign the Personal Guaranty form. This requirement is explicitly stated in Exhibit 1 to the Healthsource Chiropractic Franchise Agreement.

This means that individuals with significant ownership or control in a Healthsource Chiropractic franchise operated under a business entity must personally guarantee the obligations of the franchise. This is a common practice in franchising, as it ensures that the franchisor has recourse to the personal assets of the key individuals behind the franchise in case of default or breach of contract.

Prospective franchisees should carefully review the Personal Guaranty form and understand the extent of their personal liability before signing the franchise agreement. They should also seek legal counsel to fully understand the implications of providing a personal guarantee.