What is the purpose of the Amendment to Development Agreement for Healthsource Chiropractic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
ILLINOIS AMENDMENT TO DEVELOPMENT AGREEMENT** THIS AMENDMENT TO DEVELOPMENT AGREEMENT ("Amendment") dated ___________________ is intended to be a part of, and by this reference is incorporated into that certain Development Agreement (the "Development Agreement") dated ___________________ by and between HealthSource Chriopractic, LLC("Franchisor"), a Delaware limited liability company, with its principal office in Avon, Ohio, and _____________________________ ("you" or "Developer"). Defined terms contained in the Development Agreement shall have the identical meanings in this Amendment. Reserved IN WITNESS WHEREOF, the parties have executed this Amendment on the date first shown above. HEALTHSOURCE CHIROPRACTIC, LLC DEVELOPER By: By: Name: Name: Title: Title: Date: Date:
MARYLAND AMENDMENT TO DEVELOPMENT AGREEMENT
| THIS | AMENDMENT | TO | DEVELOPMENT | AGREEMENT | ("Amendment") | dated |
|---|---|---|---|---|---|---|
| , is intended to be a part of, and by this reference is incorporated into that | ||||||
| certain Development |
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the Amendment to Development Agreement is intended to be incorporated into and be a part of the original Development Agreement between Healthsource Chiropractic, LLC, the franchisor, and the developer or franchisee. The amendment is dated and serves to modify the original agreement. The document specifies that the defined terms within the original Development Agreement will maintain the same meanings in this Amendment.
Several versions of the Amendment to Development Agreement are included, specifically tailored for different states such as California, New York, and Illinois. This suggests that the amendments may address specific legal or regulatory requirements unique to each state. The inclusion of these state-specific amendments indicates that Healthsource Chiropractic adapts its development agreements to comply with local laws, which is a common practice in franchising to ensure legal compliance and operational effectiveness.
The document includes signature lines for both Healthsource Chiropractic, LLC and the developer, indicating that both parties must formally agree to the terms of the amendment. This process ensures that all parties are aligned with any changes or modifications to the original development agreement. Prospective franchisees should carefully review any amendments to understand their rights and obligations fully, and how these changes might affect their operations and development plans.