Does the Licensed Provider for Healthsource Chiropractic have any ownership interest in the Confidential Information?

According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the Licensed Provider does not acquire any ownership interest in the confidential information. The agreement specifies that the Licensed Provider's relationship with the Management Company only grants them the right to use the confidential information for performing Licensed Provider Services during the term of the agreement.

Healthsource Chiropractic emphasizes that using or duplicating the confidential information in any other business or for any purpose outside the agreement would be considered unfair competition and cause irreparable damage to both the Management Company and Healthsource Chiropractic. This underscores the importance of protecting the confidential information and restricting its use solely to the scope of the agreement.

This arrangement is typical in franchising, where the franchisor retains ownership of proprietary information and grants franchisees a limited license to use it. This ensures consistency and protects the brand's competitive advantage. Prospective Healthsource Chiropractic franchisees should understand that their access to and use of confidential information is strictly limited to the operation of their franchise and that they cannot use it for any other business ventures.