What are the two possible dates on which the Healthsource Chiropractic Development Agreement will expire?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
ARTICLE 9 — TERM AND TERMINATION
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- TERM. This Agreement will commence as of the date of signing and shall continue thereafter until terminated in accordance with this Agreement.
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- TERMINATION BY HEALTHCORE. In addition to HealthCore's right to immediately suspend or terminate service as elsewhere provided in this Agreement, HealthCore shall have the right, upon thirty (30) days' prior written notice to Customer, to terminate this Agreement. Service shall terminate on the last day of the month following HealthCore's notice of termination.
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- TERMINATION BY CUSTOMER. Customer will have the right, after the first one hundred eighty (180) days this Agreement is in effect, to terminate this Agreement upon thirty (30) days' prior written notice to HealthCore if Customer's HealthSource Chiropractic franchise has terminated or expired. Service shall terminate on the last day of the month following Customer's notice of termination.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to the 2025 Healthsource Chiropractic Franchise Disclosure Document, the agreement will commence on the date of signing and continue until terminated in accordance with the agreement.
The agreement may be terminated by HealthCore, upon thirty days prior written notice to the customer, with service terminating on the last day of the month following HealthCore's notice. Alternatively, the customer has the right to terminate the agreement after the first 180 days it is in effect, upon thirty days prior written notice to HealthCore, if the customer's Healthsource Chiropractic franchise has terminated or expired. In this case, service will terminate on the last day of the month following the customer's notice of termination.
Therefore, the Healthsource Chiropractic Development Agreement can expire either on the last day of the month following HealthCore's notice of termination or on the last day of the month following the customer's notice of termination, depending on which party initiates the termination and when.