Is there a Sample Clinic Management Agreement included as Exhibit M for Healthsource Chiropractic?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
e by any franchisor, franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any document executed in connection with the franchise.
IN WITNESS WHEREOF, the parties have executed this Amendment on the date first shown above.
HEALTHSOURCE CHIROPRACTIC, LLC DEVELOPER
EXHIBIT M SAMPLE CLINIC MANAGEMENT AGREEMENT
[SUBJECT TO COMPLETION PER APPLICABLE LAW]
CLINIC MANAGEMENT AGREEMENT
| This Clinic Management Agreement (the "Agreement"), made to be effective as of |
|---|
| , by and between |
| [the HealthSource Franchisee] |
| , which with its |
| successors and assigns is herein called "Management Company", and |
| [the chiropractor or |
| professional corporation], which with its successors and assigns is herein called "Licensed |
| Provider", is to EVIDENCE THAT: |
WHEREAS, Management Company has entered into a Franchise Agreement (the "Franchise Agreement") with HealthSource Chiropractic, LLC ("HealthSource"), dated as of the date of this Agreement, whereby HealthSource grants to Management Company a franchise (the "Franchise") to operate a Clinic Management Business and the right to use HealthSource's business model, services and products (the "System") and Marks (as defined in Section 4.2 below);
WHEREAS, Licensed Provider desires to provide chiropractic, physical therapy, and wellness services utilizing HealthSource's System and Marks, and Licensed Provider requires the provision of certain management, administrative, and similar services; and
WHEREAS, Management Company and Licensed Provider desire to enter into an arrangement under the terms and conditions stated in this Agreement whereby Management Company can provide (or cause to be provided) certain the management, administrative and similar services requested by Licensed Provider and whereby Licensed Provider can provide chiropractic, physical therapy, and wellness services using the System and Marks at the Licensed Provider's chiropractic clinic business, which may be carried out directly by the Licensed Provider or through an entity authorized to carry out such business (the "Clinic").
Source: Item 22 — Contracts (FDD page 77)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the document mentions a Management Agreement within the context of Clinic Management Businesses. Specifically, if a franchisee is not licensed to practice chiropractic care but is permitted by law to own and operate a business that manages a Healthsource Chiropractic clinic, they may operate as a Clinic Management Business. In this case, the franchisee must enter into a Franchise Agreement with Healthsource Chiropractic and a Management Agreement with a 'PC' (Professional Corporation or licensed individual) that will own and operate the clinic.
The FDD states that the Management Company (the franchisee) enters into a Franchise Agreement with Healthsource Chiropractic, LLC, granting the right to operate a Clinic Management Business. The Licensed Provider (the PC) desires to provide chiropractic services utilizing Healthsource's System and Marks and requires management services from the Management Company. The Management Agreement outlines the terms and conditions under which the Management Company provides management services to the Licensed Provider, who operates the clinic using Healthsource's System and Marks.
The initial term of the Management Agreement commences on the date of the agreement and continues until the end of the Franchise Agreement's initial term, with automatic one-year renewals unless either party provides written notice of non-renewal at least 60 days prior to the end of the current term. While the FDD discusses the requirement for a Management Agreement under certain circumstances, it does not explicitly state that a sample agreement is included as Exhibit M. A prospective franchisee should confirm with Healthsource Chiropractic whether a sample Clinic Management Agreement is provided as part of the FDD, and if so, review its terms carefully with a legal professional.