Does the Healthsource Chiropractic General Release Agreement release claims against personal representatives of the Franchisor?
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 |
| WHEREAS, Franchisee desires to renew the Agreement for an additional Term (as |
| defined in the Agreement); and |
| WHEREAS, Section 2.4(c) of the Agreement requires Franchisee and each of its |
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
Based on the 2025 Healthsource Chiropractic Franchise Disclosure Document, the provided excerpts contain a General Release Agreement that involves HealthSource Chiropractic, LLC ("Franchisor"), the Franchisee, and the Owners (shareholders/members/partners of the Franchisee). The agreement is made when the Franchisee desires to renew the Franchise Agreement for an additional term, as required by Section 2.4(c) of the original agreement. However, the document excerpts do not specify whether the General Release Agreement extends to the personal representatives of the Franchisor.
Because the excerpts do not provide the full details of the release, it is not possible to determine the scope of the claims released. The excerpts do not detail the specific language of the release or who exactly is covered by it.
A prospective Healthsource Chiropractic franchisee should carefully review the complete General Release Agreement within the FDD and seek legal counsel to fully understand the implications of the release, including whether it covers claims against the franchisor's personal representatives. It is important to clarify the extent of the release and ensure that it aligns with the franchisee's interests and risk tolerance.