What form must a waiver or modification of the Healthsource Chiropractic agreement take to be effective?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- 17.2 Unilateral Waiver of Obligations.
Either you or we may, by written notice, unilaterally waive or reduce any obligation or restriction of the other under this Agreement.
The waiver or reduction may be revoked at any time for any reason on 10 days' written notice.
- 17.3 Written Consents from HealthSource Chiropractic.
Whenever this Agreement requires our advance approval or consent, you agree to make a timely written request for it.
Our approval or consent will not be valid unless it is in writing.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic FDD, any waiver or reduction of obligations under the franchise agreement must be communicated through written notice. This means that either the franchisee or Healthsource Chiropractic can choose to temporarily or permanently waive certain requirements outlined in the agreement, but this waiver is only valid if it's documented in writing.
This written waiver can be revoked at any time, for any reason, with a 10-day written notice. This provision ensures that neither party is permanently bound by a temporary modification of the agreement and allows for flexibility in addressing unforeseen circumstances or changing business needs.
Furthermore, any approval or consent required from Healthsource Chiropractic must also be in writing to be considered valid. This requirement ensures that all agreements and modifications are clearly documented and prevents misunderstandings or disputes based on verbal agreements. It is a common practice in franchising to require written documentation for any changes to the franchise agreement to protect both the franchisor and the franchisee.