What is the specific definition of 'Confidential Information' that Healthsource Chiropractic may disclose after the deposit?
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 Healthsource Chiropractic's 2025 Franchise Disclosure Document, after submitting a deposit, Healthsource Chiropractic may disclose confidential and proprietary information to prospective franchisees. This information includes details about the services and products offered at HealthSource Chiropractic franchises, knowledge of sales and profit performance of individual franchises, and information on the sources of products sold.
Additionally, Healthsource Chiropractic may disclose advertising and promotional programs, image and decor strategies, methods, techniques, formats, specifications, procedures, information, systems, and knowledge related to the development, operation, and franchising of HealthSource Chiropractic franchises. The franchisor may also reveal the selection and methods of training employees. This confidential information can be shared verbally, visually through training programs, or in written form via HealthSource Chiropractic's Operations Manual.
As a prospective franchisee, it's important to understand that HealthSource Chiropractic considers this information proprietary and requires franchisees to maintain its confidentiality. Franchisees and their employees, representatives, and agents must only use the information for operating a HealthSource Chiropractic franchise, maintain its confidentiality, and avoid making unauthorized copies. Even if a Franchise Agreement is not ultimately signed, these restrictions still apply, ensuring the protection of HealthSource Chiropractic's confidential business information. The only exception is for information or knowledge that is publicly available.