When are payments considered received by Healthsource Chiropractic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
All written notices, reports and payments permitted or required under this Agreement or by the Operations Manual will be deemed delivered: (a) at the time delivered by hand; (b) one (1) business day after transmission by telecopy, facsimile or other electronic system; (c) one (1) business day after being placed in the hands of a reputable commercial courier service for next business day delivery; or (d) three (3) business days after placed in the U.S. mail by Registered or Certified Mail, Return Receipt Requested, postage prepaid; and addressed to the party to be notified or paid at the address below, or its most current principal business address of which the notifying party has been advised, or to any other place designated by either party. Any required
notice, payment or report which we do not actually receive during regular business hours on the date due (or postmarked by postal authorities at least two (2) days before it is due) will be deemed delinquent.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, all written notices, reports, and payments are considered delivered at specific times depending on the delivery method. If delivered by hand, they are deemed delivered at the time of delivery. For telecopy, facsimile, or other electronic systems, they are considered delivered one business day after transmission. If a reputable commercial courier service is used for next business day delivery, it is one business day after being placed in their hands. Payments sent via U.S. mail by Registered or Certified Mail, Return Receipt Requested, postage prepaid, are deemed delivered three business days after being placed in the mail.
However, Healthsource Chiropractic stipulates that any required notice, payment, or report not actually received during regular business hours on the date due (or postmarked by postal authorities at least two days before it is due) will be considered delinquent. This means that while the method of delivery affects when something is deemed delivered, the actual receipt during business hours or the postmark date determines whether it is considered on time and not delinquent.
For a prospective Healthsource Chiropractic franchisee, this means that relying on mail for time-sensitive payments carries a risk, as the payment must be postmarked at least two days before the due date to avoid being considered late. Electronic methods or courier services offer quicker delivery times and may be preferable for ensuring timely payments. Franchisees should also be aware of Healthsource Chiropractic's business hours to ensure payments are received during those times. It is crucial to maintain records of all payments and notices, regardless of the delivery method, to resolve any potential discrepancies regarding timeliness.