What is Exhibit 2 referenced in the Healthsource Chiropractic franchise agreement related to?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT 2 TO THE HEALTHSOURCE CHIROPRACTIC FRANCHISE AGREEMENT
OWNERSHIP INTERESTS IN FRANCHISE OWNER
2-1. Full name and address of the owners of, and a description of the type of, all currently held Interests in Franchise Owner:
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, Exhibit 2 to the franchise agreement pertains to the ownership interests in the franchise owner. Specifically, it requires the disclosure of the full names and addresses of all owners and a description of the type of all currently held interests in the Franchise Owner.
This exhibit is important because it outlines who has a stake in the Healthsource Chiropractic franchise and the nature of their ownership. This information is crucial for Healthsource Chiropractic to understand the structure of the franchisee's business and ensure compliance with the franchise agreement.
For a prospective franchisee, this means they must be prepared to fully disclose all individuals or entities with ownership interests in their franchise. This includes providing their names, addresses, and the type of interest they hold, such as shares, units, or membership interests. Furthermore, franchisees must ensure that these ownership interests remain as permitted by the agreement and provide evidence of this upon request from Healthsource Chiropractic.