What is the process for Healthsource Chiropractic to disclose knowledge of sales and profit performance?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
After I submit my Deposit, I further understand that HealthSource may disclose to me its confidential and proprietary information, including: (a) services and products offered and sold at HealthSource Chiropracticfranchises; (b) knowledge of sales and profit performance of any one or more HealthSource Chiropracticfranchises; (c) knowledge of sources of products sold at HealthSource Chiropracticfranchises, advertising and promotional programs, and image and decor; (d) methods, techniques, formats, specifications, procedures, information, systems, and knowledge of, and experience in, the development, operation, and franchising of HealthSource Chiropracticfranchises; and (e) the selection and methods of training employees, all of which may be disclosed verbally or visually via training programs, or in written form via HealthSource's Operations Manual, or otherwise (referred to as "Confidential Information" whether or not marked as such).
I acknowledge and agree that HealthSource is the sole owner of the Confidential Information and that I and my employees, representatives and agents: (x) will not use the Confidential Information for any purpose other than the operation of a HealthSource franchise; (y) will maintain the absolute confidentiality of the Confidential Information; and (z) will not
make unauthorized copies of any portion of the Confidential Information, and will return to HealthSource all tangible materials and media containing Confidential Information, including all copies thereof, upon HealthSource's request. I agree that the foregoing restrictions will apply even if I do not enter into a Franchise Agreement with HealthSource or if this Acknowledgement is revoked or expires or terminates, but nothing contained herein shall prevent me from using information or knowledge that is publicly available.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, after submitting a deposit, Healthsource Chiropractic may disclose confidential and proprietary information to prospective franchisees. This information includes knowledge of sales and profit performance of any one or more Healthsource Chiropractic franchises. This disclosure can be made verbally or visually through training programs, or in written form via Healthsource's Operations Manual, or otherwise.
Healthsource Chiropractic considers this sales and profit performance data as Confidential Information and retains sole ownership of it. Franchisees and their employees, representatives, and agents must adhere to strict confidentiality terms. They are prohibited from using the Confidential Information for any purpose other than operating a Healthsource Chiropractic franchise. They must maintain absolute confidentiality and are not allowed to make unauthorized copies of any Confidential Information. Upon Healthsource's request, all tangible materials and media containing Confidential Information, including all copies, must be returned.
These restrictions apply even if a Franchise Agreement is not entered into or if the Acknowledgment is revoked, expires, or terminates. The only exception is for information or knowledge that is publicly available. This ensures that Healthsource Chiropractic maintains control over sensitive business data and prevents its misuse or dissemination to competitors.