Does the Healthsource Chiropractic Franchise Agreement include other documents as exhibits?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
1.1 Style of Agreement; Common Terms. This Agreement has been written in an informal style in order to make it more easily readable and to be sure that you become thoroughly familiar with all of the important rights and obligations the Agreement covers before you sign it. This Agreement includes several exhibits, all of which are legally binding and are an integral part of the complete Franchise Agreement. 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 22 — Contracts (FDD page 77)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the agreement includes several exhibits. These exhibits are legally binding and form an integral part of the complete Franchise Agreement.
Specifically, Exhibit B is the standard franchise agreement that franchisees sign when purchasing a Clinic franchise. Exhibit A lists the agents for service of process. Exhibit C is the area development agreement, which outlines the terms for opening and operating multiple Clinics within a defined geographical area.
Additionally, Exhibit 1 contains the expiration date of the initial term and defines the protected territory granted to the franchisee. Exhibit 2 details the ownership interests in the Franchise Owner. Prospective franchisees should carefully review all exhibits to fully understand their rights and obligations under the Healthsource Chiropractic Franchise Agreement.