When does the Healthsource Chiropractic franchise term begin?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Development Agreement | Summary | |
|---|---|---|---|
| a. | Length of the franchise term | Section 6.1 | The term begins on the effective date and ends on the earlier of the date you open the last Clinic you are required to open under your Development Schedule or the expiration of your Development Schedule. |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 53–64)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the franchise term's length is defined in Section 6.1 of the Development Agreement. The term officially starts on the effective date of the agreement. However, it concludes on the earlier of two possible dates: either when the franchisee opens the last clinic required by the Development Schedule or when the Development Schedule itself expires.
This means that the franchise term is tied to the franchisee's development obligations. A Healthsource Chiropractic franchisee's term could end sooner if they fulfill their clinic opening requirements before the Development Schedule's expiration date. Conversely, if they don't meet the development obligations, the term ends when the schedule expires, regardless of how many clinics they've opened.
Prospective Healthsource Chiropractic franchisees should carefully review the Development Schedule to understand their obligations and the potential length of their franchise term. They should also clarify with Healthsource Chiropractic what constitutes the 'effective date' of the agreement, as this marks the official beginning of their franchise.