When does the Healthsource Chiropractic franchise term end?
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 length of the franchise term is determined by Section 6.1 of the Development Agreement. The franchise term begins on the effective date and concludes on the earlier of two possible dates: either the date the franchisee opens the last clinic required under their Development Schedule, or the expiration date of the Development Schedule itself.
This means that the specific end date of a Healthsource Chiropractic franchise is not a fixed number of years from the start date, but rather depends on the franchisee's adherence to the Development Schedule outlined in their agreement. The term could be shorter if the franchisee completes their clinic openings ahead of schedule, or it could end when the Development Schedule expires, regardless of whether all clinics have been opened.
Prospective Healthsource Chiropractic franchisees should carefully review Section 6.1 of the Development Agreement to fully understand the implications of the Development Schedule on the length of their franchise term. They should also discuss with the franchisor how the Development Schedule is determined and what factors might affect its duration, as this will directly impact the duration of their franchise agreement.