Is there an option to renew or extend the Healthsource Chiropractic franchise term?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Development Agreement | Summary | |
|---|---|---|---|
| a. | Length of the franchise term | Section 6.1 | The term begins on the effective date and ends on the earlier of the date you open the last Clinic you are required to open under your Development Schedule or the expiration of your Development Schedule. |
| b. | Renewal or extension of the term | Not Applicable | Not Applicable |
Source: Item 17 — Renewal, Termination, Transfer, and Dispute Resolution (FDD pages 53–64)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the table in Item 17 indicates whether there is an option to renew or extend the franchise term. Specifically, the table addresses the renewal or extension of the term under the Development Agreement.
The FDD states that under the Development Agreement, the renewal or extension of the term is 'Not Applicable'. This means that as the agreement is written, there is no option to renew or extend the initial term of the Healthsource Chiropractic Development Agreement.
Prospective franchisees should be aware that the absence of a renewal option in the Development Agreement could impact their long-term plans with Healthsource Chiropractic. If a franchisee wishes to continue their involvement with the franchise beyond the initial term, they may need to negotiate a new agreement, which could be subject to different terms and conditions. It would be prudent to discuss this aspect with the franchisor to understand the possibilities and conditions for future collaboration beyond the initial agreement.