For a Healthsource Chiropractic franchise, what is the relationship between the Amendment and the Development Agreement?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS AMENDMENT TO DEVELOPMENT AGREEMENT ("Amendment") dated , is intended to be a part of, and by this reference is incorporated into that certain Development Agreement (the "Development Agreement") dated, by and between HealthSource Chriopractic, LLC("Franchisor"), a Delaware limited liability company, with its principal office in Avon, Ohio, and ("you" or "Franchisee"). Defined terms contained in the Development Agreement shall have the identical meanings in this Amendment.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, an Amendment to the Development Agreement is designed to be an integral part of the original Development Agreement. The Amendment explicitly states that it is incorporated by reference into the Development Agreement. This means that the terms and conditions outlined in the Development Agreement also apply to the Amendment, and any defined terms within the Development Agreement maintain the same meaning in the Amendment.
This relationship ensures that any changes or modifications to the original Development Agreement are formally documented and legally integrated. For a prospective Healthsource Chiropractic franchisee, this means that when reviewing the Development Agreement, they must also consider any Amendments to fully understand their rights and obligations. The Amendment serves to update or modify specific aspects of the Development Agreement while keeping the core agreement intact.
It is important for potential Healthsource Chiropractic developers to carefully review both the Development Agreement and any associated Amendments to understand the complete scope of their development rights and responsibilities. This includes understanding the site selection area, development schedules, and any modifications to these terms outlined in the Amendment. The execution of the Amendment by both the franchisor and the developer signifies their agreement to these incorporated terms.