How many calendar days before execution must I receive the HealthSource Chiropractic Franchise Disclosure Document?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
If HealthSource Chiropractic, LLC offers you a franchise, it must provide you this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale. Rhode Island requires that we give you this disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan a requires that we give you this disclosure document 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If HealthSource Chiropractic, LLC does not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the appropriate state agency listed in Exhibit A of this disclosure document.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 HealthSource Chiropractic Franchise Disclosure Document, HealthSource Chiropractic must provide the FDD to you 14 calendar days before you sign a binding agreement or make a payment to HealthSource Chiropractic or an affiliate in connection with the proposed franchise sale. However, there are exceptions to this rule depending on the state in which you plan to operate.
For example, Rhode Island requires HealthSource Chiropractic to provide the disclosure document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement, or the payment of any consideration that relates to the franchise relationship. Michigan requires that HealthSource Chiropractic give you the disclosure document 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
It is important to note that failure to deliver the disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and state law may have occurred and should be reported to the Federal Trade Commission and the appropriate state agency listed in Exhibit A of the HealthSource Chiropractic Franchise Disclosure Document.