What is the process for Healthsource Chiropractic to provide services following approval of my application?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
t grant the | | Protected Territory to any third party until after, 20 (the "Deadline Date"), and to | | provide me with access to certain training, information and materials relating to operating a HealthSource |
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- FDD. I have received the HealthSource Franchise Disclosure Document, and all Exhibits attached thereto, more than 14 calendar days before the date of my execution hereof. I have received a completed form of this Acknowledgement more than 7 business days before the date of my execution hereof.
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- Deposit Terms. In connection with making the Deposit, I understand and acknowledge the following:
- a. My entire Deposit will be applied toward the Initial Franchise Fee payable under the HealthSource Franchise Agreement, if and when I enter into a Franchise Agreement with HealthSource.
- b. Upon my submission of this Acknowledgement, my entire Deposit will be deemed earned by HealthSource for the processing of my application, for reserving the Protected Territory, providing initial training and disclosure of confidential information, and for services performed following approval of my application.
- c.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, upon submission of the Franchise Deposit Acknowledgement, the entire deposit is deemed earned by Healthsource Chiropractic for several services. These services include processing the application, reserving the protected territory, providing initial training, disclosing confidential information, and performing services after the application is approved.
However, the FDD states that Healthsource Chiropractic's acceptance of the deposit does not automatically grant the applicant the right to operate a Healthsource Chiropractic clinic or use their trademarks, logos, information, or materials. These rights are only granted through a Franchise Agreement duly executed by both parties. If a Franchise Agreement is not signed, or the remaining portion of the initial franchise fee is not paid by the deadline, the applicant will not have the right to operate a Healthsource Chiropractic franchise in the protected territory.
In summary, while Healthsource Chiropractic begins providing certain services such as training and reserving territory upon application approval and deposit, the franchisee cannot begin operations until a franchise agreement is signed and all fees are paid. It is important for a prospective franchisee to understand that the initial deposit is non-refundable and covers the cost of these initial services, regardless of whether a full franchise agreement is eventually executed.