Does the Healthsource Chiropractic General Release Agreement define the term 'Agreement'?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE AGREEMENT ("Release") is made and entered into this day of, 20, by and between HealthSource Chiropractic, LLC, an Ohio limited liability company ("Franchisor"), and |
|---|
| , |
| a |
| corporation/limited |
| liability |
| company/partnership |
| (circle |
| one) |
| ("Franchisee"), |
| and |
| each |
| shareholder/member/partner of Franchisee (individually, an "Owner," |
| and collectively, |
| the "Owners") (collectively, Franchisor, Franchisee, and the Owners are referred to |
| hereinafter as the "Parties"). |
| WITNESSETH |
| WHEREAS, the Parties previously entered into that certain Franchise Agreement, |
| dated, 20 (the "Agreement") granting Franchisee a single |
| HealthSource Chiropractic |
| Clinic |
| franchise of Franchisor for a specific Term (as defined |
| in the Agreement); and |
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the General Release Agreement defines 'Agreement' as the original Franchise Agreement between the parties. Specifically, it refers to the agreement that granted the franchisee a single HealthSource Chiropractic Clinic franchise for a defined term.
This definition is important because it clarifies the context of the General Release Agreement. When franchisees renew their franchise agreement with Healthsource Chiropractic, they are often required to sign a general release, which waives any claims against the franchisor. This release is tied to the original Franchise Agreement, meaning any disputes or issues arising from that initial agreement are covered by the release.
Prospective franchisees should understand that upon renewal, they will likely be asked to sign such a release. It is advisable to carefully review the terms of the original Franchise Agreement and any potential claims before signing the General Release Agreement. Franchisees should seek legal counsel to fully understand the implications of waiving their rights and claims against Healthsource Chiropractic.