How long is the initial franchise term for a Healthsource Chiropractic development agreement?
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 development agreement term is determined by Section 6.1 of the agreement. The term begins on the effective date and concludes when the franchisee either opens the last clinic required by their Development Schedule or when the Development Schedule expires, whichever occurs first.
This means that the duration of the development agreement is directly tied to the franchisee's ability to meet their development obligations. If a franchisee successfully opens all required clinics before the end of the schedule, the agreement ends early. Conversely, if they fail to meet the schedule, the agreement ends when the schedule expires, regardless of how many clinics have been opened.
Prospective Healthsource Chiropractic developers should carefully review the Development Schedule and ensure they can realistically meet the required milestones. Failure to do so could result in the termination of the agreement and potential loss of investment. Understanding the specific terms and conditions outlined in Section 6.1 is crucial for making an informed decision about entering into a development agreement with Healthsource Chiropractic.