For a Healthsource Chiropractic franchise, what is the relationship between the Amendment and the Development Agreement regarding defined terms?
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 the 2025 Healthsource Chiropractic Franchise Disclosure Document, any defined terms within the Development Agreement maintain the same meaning within the Amendment to the Development Agreement. This ensures consistency and clarity in the contractual relationship between Healthsource Chiropractic and the developer.
This clause is standard in legal agreements to prevent confusion or disputes arising from differing interpretations of the same terms across related documents. For a prospective Healthsource Chiropractic developer, this means that the definitions they initially agreed to in the Development Agreement will continue to apply without modification in any subsequent amendments.
For example, if "Site Selection Area" is defined in the Development Agreement, that exact definition will be used in any Amendment. This consistency helps to avoid misunderstandings and provides a stable foundation for the ongoing business relationship. Franchisees should carefully review all defined terms in the original Development Agreement to fully understand their obligations and rights, as these definitions will carry over into any amendments.