What is the effect of Healthsource Chiropractic accepting the Deposit?

opractic | | clinic in the Protected Territory, I am submitting this Franchise Deposit Acknowledgement (this | | "Acknowledgement") and my deposit in the amount of $ (the "Deposit") to HealthSource. | | | | Upon receipt of this signed Acknowledgement and the Deposit, HealthSource agrees to not grant the | | Protected Territory to any third party until after, 20 (the "Deadline Date"), and to | | provide me with access to certain training, information and materials relating to operating a HealthSource |

• 1. FDD. I have received the HealthSource Franchise Disclosure Document, and all Exhibits attached thereto, more than 14 calendar days before the date of my execution hereof. I have received a completed form of this Acknowledgement more than 7 business days before the date of my execution hereof.
• 1. Deposit Terms. In connection with making the Deposit, I understand and acknowledge the following:
  • a. My entire Deposit will be applied toward the Initial Franchise Fee payable under the HealthSource Franchise Agreement, if and when I enter into a Franchise Agreement with HealthSource.
  • b. Upon my submission of this Acknowledgement, my entire Deposit will be deemed earned by HealthSource for the processing of my application, for reserving the Protected Territory, providing initial training and disclosure of confidential information, and for services performed following approval of my application.
  • c. If HealthSource and I do not sign a Franchise Agreement or I do not pay the entire remaining portion of the Initial Franchise Fee on or before the Deadline Date, I will not have the right to operate a HealthSource Chiropractic franchise in the Protected Territory or use any HealthSource marks, logos, information or materials, and HealthSource may grant all or any portion the Protected Territory to another person or entity.
  • d. HealthSource's acceptance of the Deposit does not constitute the grant of any rights to me to operate a HealthSource chiropractic clinic or use HealthSource's marks, logos, information or materials in practice or otherwise, and that such rights may only be granted through a Franchise Agreement that has been duly executed by both me and HealthSource.
• 1. Non-Disclosure of Confidential Information. After I submit my Deposit, I further understand that HealthSource may disclose to me its confidential and proprietary information, including: (a) services and products offered and sold at HealthSource Chiropracticfranchises;

Source: Item 23 — Receipts (FDD pages 77–282)