Who are the 'Parties' referred to in the Healthsource Chiropractic Franchise Agreement?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
signed or agreed to by a franchisee in connection with the commencement of the franchise relationship shall have the effect of (i) waiving any claims under any applicable state franchise law, including, fraud in the inducement, or (ii) disclaiming reliance on any statement made by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed with the franchise.
IN WITNESS WHEREOF, the Parties hereto affix their signatures and execute this Addendum as of the day and year first above written.
FRANCHISOR:
| HealthSource Chiropractic, LLC, an Ohio limited liability company, | |
|---|---|
| By: | |
| Title: | |
| FRANCHISE OWNER: | |
| By: |
WASHINGTON ADDENDUM TO FRANCHISE AGREEMENT, AND RELATED AGREEMENTS
| THIS ADDENDUM TO FRANCHISE AGREEMENT, AND | RELATED |
|---|---|
| AGREEMENTS (the "Addendum") 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 | Owner") |
| liability | |
| company/partnership | |
| (circle | |
| one), | |
| ("Franchise | |
| (collectively, Franchisor and Franchise Owner are referred to hereinafter as the "Parties"), and is | |
| attached to and made part of that certain Franchise Agreement dated, 20, (the | |
| "Agreement") between the Parties. |
- A.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the definition of "Parties" can vary depending on the specific agreement in question. In the context of the Addendum to Franchise Agreement, the "Parties" are HealthSource Chiropractic, LLC, as the Franchisor, and the Franchise Owner. In the context of the General Release Agreement, the "Parties" include HealthSource Chiropractic, LLC, as the Franchisor, the Franchisee, and each shareholder/member/partner of the Franchisee, referred to as the Owners.
In situations where a Clinic Management Business is established, a Management Agreement is required in addition to the Franchise Agreement. In this context, the "Parties" are the Management Company and the Licensed Provider. The Management Company enters into the Franchise Agreement with HealthSource Chiropractic, while the Licensed Provider offers chiropractic, physical therapy, and wellness services, utilizing HealthSource's System and Marks.
For a prospective Healthsource Chiropractic franchisee, it's crucial to understand which agreement is being referenced to accurately identify the "Parties" involved. This distinction is important because each party has specific rights, obligations, and responsibilities outlined in the respective agreements. Franchisees should carefully review all agreements and seek legal counsel to ensure they fully understand their role and the roles of the other parties involved.