Are there specific requirements for a Healthsource Chiropractic franchisee to renew or extend the franchise term?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in Franchise Agreement | Summary |
|---|---|---|
| a. Length of franchise term | Section 2.1 | 10 years |
| b. Renewal or extension of the term | Section 2.4 | Additional terms of 10 years |
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 initial franchise term is 10 years, with the option to renew for additional terms of 10 years.
Specifically, the table in Item 17 outlines the length of the franchise term in Section 2.1 of the Franchise Agreement as 10 years. It also states that the renewal or extension of the term is covered in Section 2.4 of the Franchise Agreement, allowing for additional terms of 10 years.
Prospective franchisees should carefully review Section 2.4 of the Franchise Agreement to understand the specific conditions and requirements for renewing their franchise agreement with Healthsource Chiropractic. This includes any potential fees, performance criteria, or other obligations that must be met to qualify for renewal.