Does the Healthsource Chiropractic release cover claims that are currently unknown?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| THIS GENERAL RELEASE AGREEMENT ("Release") 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 |
| liability |
| company/partnership |
| (circle |
| one) |
| ("Franchisee"), |
| and |
| each |
| shareholder/member/partner of Franchisee (individually, an "Owner," |
| and collectively, |
| the "Owners") (collectively, Franchisor, Franchisee, and the Owners are referred to |
| hereinafter as the "Parties"). |
| WITNESSETH |
| WHEREAS, the Parties previously entered into that certain Franchise Agreement, |
| dated, 20 (the "Agreement") granting Franchisee a single |
| HealthSource Chiropractic |
| Clinic |
| franchise of Franchisor for a specific Term (as defined |
| in the Agreement); and |
| WHEREAS, Franchisee desires to renew the Agreement for an additional Term (as |
| defined in the Agreement); and |
| WHEREAS, Section 2.4(c) of the Agreement requires Franchisee and each of its |
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
Based on the 2025 Healthsource Chiropractic Franchise Disclosure Document, the provided excerpts include a "GENERAL RELEASE AGREEMENT" that is required when a franchisee desires to renew their agreement for an additional term. While the document introduces the release agreement and its purpose related to franchise agreement renewals, it does not explicitly state whether the release covers claims that are currently unknown.
Because the excerpt does not specify whether the release extends to unknown claims, prospective Healthsource Chiropractic franchisees should carefully review the full release agreement with a legal professional. Understanding the scope of the release is crucial, as it determines what future claims a franchisee might be waiving.
To gain clarity, a potential franchisee should ask Healthsource Chiropractic for a complete copy of the General Release Agreement and seek specific clarification on whether the release encompasses claims that the franchisee does not know about or suspect at the time of signing. This due diligence will help in making an informed decision about renewing the franchise agreement.