Can a Healthsource Chiropractic franchisee assign the franchise agreement without the Franchisor's consent?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
14.4 No Transfer Without Approval.
- a.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, a franchisee cannot transfer the franchise agreement without approval. Specifically, paragraph 14.4 states that transfer is not allowed without approval.
This requirement is typical in franchising, as the franchisor wants to ensure that any new franchisee meets their standards and is capable of operating the business successfully. This protects the brand and the interests of other franchisees in the system.
It is important for a prospective Healthsource Chiropractic franchisee to understand the conditions under which a transfer may be approved or denied, as this could impact their ability to sell the business in the future. They should discuss the transfer process and criteria with Healthsource Chiropractic during their due diligence.