Does the Healthsource Chiropractic franchise agreement restrict Healthsource Chiropractic from changing its ownership or form?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
- 14.3 Transfer by HealthSource Chiropractic. You represent that you have not signed this Agreement in reliance on any owner, officer, or employee remaining with us in that capacity. We may change our ownership or form at any time in our sole discretion. This Agreement is fully transferable by us, without restriction, and will inure to the benefit of any person or entity to whom it is transferred, or to any other legal successor to our interests in this Agreement. After our assignment of this Agreement to a third party who expressly assumes our obligations under this Agreement, we no longer will have any performance or other obligations or liabilities under this Agreement.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the franchise agreement does not restrict Healthsource Chiropractic from changing its ownership or form. The agreement explicitly states that Healthsource Chiropractic may change its ownership or form at any time at its sole discretion.
Furthermore, the agreement is fully transferable by Healthsource Chiropractic without any restrictions. This means Healthsource Chiropractic can transfer the agreement to another entity, and the agreement will still be in effect for the benefit of the new owner.
After Healthsource Chiropractic assigns the agreement to a third party who assumes their obligations, Healthsource Chiropractic will no longer have any performance or other obligations or liabilities under the agreement. This provides Healthsource Chiropractic with flexibility in managing its business and potentially transferring its franchise operations to another entity without ongoing responsibilities.