When is the execution of counterparts deemed delivery of the Healthsource Chiropractic Acknowledgement by any party?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- 16.8 This Agreement may be executed in one or more counterparts, including by facsimile or electronic signature included in an Adobe PDF file, each of which shall be an original
and all of which together shall constitute one and the same agreement. The execution of counterparts shall not be deemed to constitute delivery of this Agreement by any party until all of the parties have executed and delivered their respective counterparts.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the execution of counterparts does not automatically constitute delivery of the agreement by any party. Instead, delivery is only considered to have occurred once all parties involved have executed and delivered their respective counterparts. This means that even if one party signs their part, the agreement is not considered fully delivered until all other parties have also signed and delivered their portions.
This clause protects all parties involved, ensuring that no one is bound by the agreement until everyone has formally agreed to it. For a prospective Healthsource Chiropractic franchisee, this means they should ensure they have received fully executed copies from Healthsource Chiropractic before considering the agreement binding. This is a standard practice in franchising and contract law, designed to prevent misunderstandings and disputes about when an agreement becomes effective.
This requirement for full execution and delivery underscores the importance of carefully reviewing all documents and ensuring that all parties are in complete agreement before finalizing the franchise agreement. A Healthsource Chiropractic franchisee should confirm that they have a fully executed copy of the agreement for their records, as this serves as proof that all parties have agreed to the terms and conditions outlined within the document.