What specific materials are provided after the deposit for a Healthsource Chiropractic franchise?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
lletin: Practices of Business Consultants. We | | HSC is not engaged in rendering legal, accounting, | or other professional services or advice. | | your patients, taxes, employees, | If you require legal advice or other expert assistance, the services of a competent professional person should | | or disputes. | be sought. HSC is not a law firm. We do not practice law and cannot provide you with legal advice about | | Agreed and accepted by: | | | | | | Signature of Franchisee | Date | | | | | Printed Name | | | Acknowledged and agreed by: | |--------------------------------| | HealthSource Chiropractic, LLC | | | | By: | | Its: |
EXHIBIT K
Franchise Deposit Acknowledgment and Amendment
HEALTHSOURCE CHIROPRACTIC, LLC FRANCHISE DEPOSIT ACKNOWLEDGEMENT
TO HEALTHSOURCE CHIROPRACTIC, LLC:
| 1. Introduction. I understand that my application for the grant of a franchise to operate a HealthSource |
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| Chiropractic, LLC |
| ("HealthSource") clinic in the area set forth on the attached map (the "Protected |
| Territory"), has been approved, subject to entering into a Franchise Agreement and paying the Initial |
| Franchise Fee. To continue the process of obtaining a franchise to operate a HealthSource Chiropractic |
| clinic in the Protected Territory, I am submitting this Franchise Deposit Acknowledgement (this |
| "Acknowledgement") and my deposit in the amount of $ (the "Deposit") to HealthSource. |
| Upon receipt of this signed Acknowledgement and the Deposit, HealthSource agrees to not 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.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, after submitting the deposit and the Franchise Deposit Acknowledgement, Healthsource Chiropractic will agree not to grant the protected territory to any third party until after a specified date. Additionally, Healthsource Chiropractic will provide access to certain training, information, and materials related to operating a Healthsource Chiropractic clinic.
Healthsource Chiropractic may also disclose confidential and proprietary information after the deposit is made. This information includes details about services and products, sales and profit performance, sources of products, advertising and promotional programs, methods, techniques, formats, specifications, procedures, information, systems, knowledge, and experience in the development, operation, and franchising of Healthsource Chiropractic franchises. It also includes the selection and methods of training employees.
This confidential information may be shared verbally or visually through training programs, or in written form via Healthsource Chiropractic's Operations Manual, or otherwise. The FDD emphasizes that this information is confidential and proprietary, and franchisees must agree to maintain its confidentiality and only use it for operating their Healthsource Chiropractic franchise. Franchisees are also prohibited from making unauthorized copies and must return all tangible materials containing confidential information upon request, even if they do not enter into a Franchise Agreement with Healthsource Chiropractic.