In the Healthsource Chiropractic Franchise Agreement, what is the franchisee referred to as?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
In this Agreement, we refer to as "we," "us," or the "HealthSource Chiropractic." We refer to you as "you," "Franchise Owner" or "Franchisee" and such terms include any person or entity that operates or has an interest in the Franchised Business (defined below). If you are a corporation, partnership or limited liability company, you will notice certain provisions that are applicable to those principal shareholders, partners or members on whose business skill, financial capability and personal character we are relying in entering into this Agreement. Those individuals will be referred to in this Agreement as "Principal Owners".
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the franchisee is referred to as "you," "Franchise Owner" or "Franchisee". The document states that these terms include any person or entity that operates or has an interest in the Franchised Business.
For a prospective franchisee, this means that throughout the Franchise Agreement, they will be addressed using these terms. It is important to note that if the franchisee is a corporation, partnership, or limited liability company, certain provisions will apply to the principal shareholders, partners, or members. These individuals are referred to as "Principal Owners" in the agreement, as Healthsource Chiropractic relies on their business skill, financial capability, and personal character.
Understanding these definitions is crucial for interpreting the rights and obligations outlined in the Franchise Agreement. Franchisees should pay close attention to the sections that specifically address "Franchise Owner" or "Franchisee" to fully grasp their responsibilities and entitlements under the Healthsource Chiropractic franchise system.